One of the last remaining banks in Newark town centre is set to close before the end of the year.
Lloyds Banking Group, which owns Lloyds and Halifax banks, has announced the closure of 79 branches across the country — with Newark’s among them.
Halifax Bank, at 48 Middlegate, is set to shut on October 27 this year.
Halifax in Newark will close in October this year. Photo: Marta Tavares/Iliffe Media
Lloyds said the closure follows a review of how customers bank, with the majority now using an app, online services or phone banking.
Data revealed that 21% of customers also used other Halifax branches in the 12 months ending February 2026, and 68% of customers who have also used other Halifax branches and online banking called the bank in the six months ending February 2026.
Meanwhile, only 26% of customers used the Newark branch and the Post Office in the 12-month-period ending February 2026.
There are 754 regular monthly users of the Newark branch who transacted at the counter of the immediate deposit machine four out of six months up to February.
The majority of customers using the branch regularly range between the ages of 55 and 74, followed by 23% of customers being aged 75+.
An alternative to the Halifax branch is Lloyds Newark at 27-28 Stodman Street, which operates Monday to Friday from 9.30am-3.30pm and Saturday from 9.30am-1pm.
Other banking services in the community include PayPoint and the Newark Post Office at 11 Paxtons Court, where customers can do everyday banking.
A Lloyds Banking Group spokesman said: “With access to one of the biggest branch networks in the UK, customers can now use any of our Lloyds or Halifax branches, including the nearby Lloyds branch.
“Alongside other local banking options like our Community Bankers, the nearby Post Office, PayPoint, plus our leading apps and 24/7 messaging service, we offer our customers more choice and convenience than ever before.”
The bank is writing to customers to inform them of the branch closure and is also planning to contact Newark’s MP Robert Jenrick, the banking team and senior representatives from the Post Office; the Post Office area manager responsible for the nearest three Post Offices to the closing branch, the National Federation of Sub-Postmasters; the local Citizens Advice Service and the area’s Chamber of Commerce.
Last year, NatWest on Market Place closed its doors on June 17 and Santander, also on Market Place, had a change in service level from June 30.