The Halifax branch in Newport looks set to close under a major shake-up announced by Lloyds Banking Group today (Wednesday), with customers expected to be served from the existing Lloyds Bank branch just around the corner instead.
It has been revealed that the Halifax brand will be phased out and replaced by Lloyds across England, Wales and Northern Ireland, with changes beginning in the coming months and branch changes taking place throughout 2027.
While the banking giant says many Halifax branches will simply be rebranded as Lloyds, it has confirmed that where another Lloyds branch is already nearby, such as in Newport, customers will instead be served by the existing Lloyds branch.
With Newport already home to both a Halifax branch on High Street and a Lloyds branch in St Thomas’ Square, the announcement strongly suggests the town’s Halifax premises will close.
Under the plans, Halifax customers will keep the same sort code and account number, while everything from the familiar app experience to branch staff will remain largely unchanged as accounts transition to the Lloyds brand over time. Halifax will also stop opening new accounts.
Lloyds Banking Group says customers do not need to take any action at this stage and will be contacted directly before any changes take effect.
Jas Singh, CEO, Consumer Relationships at Lloyds Banking Group, has said:
“As Halifax changes to Lloyds, our Halifax customers will keep everything they know and love today – the same fantastic app design, the same friendly faces in our branches – even the same sort code and account number. But as Lloyds customers, they’ll get the best innovation and experiences we offer.”
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He added:
“Our Lloyds customers are already benefiting from a significant investment into propositions like Club Lloyds, Lloyds Premier, Lloyds Ultra and Lloyds Rewards – and now we’re really excited that Halifax customers can bank on Lloyds for more.”
The announcement comes just 2 days after plans were confirmed for both B&M and Superdrug to open up new stores at St George’s Retail Park, raising questions as to whether or not their 2 existing High Street premises will close.
Should Halifax, B&M and Superdrug leave their High Street locations, Newport could soon be facing the prospect of another 3 prominent empty commercial units in its town centre.
Another one bites the dust.
Too be honest they have not been needed
for years. Lloyds have been wasting money.
Whenever I have been there over the years the cashiers
always try and encourage one to use the deposit machines.
They have made themselves unemployed.
I wonder if WH Smith, sorry TG Jones will share the same fate – 150 stores to close in the near future.