Newcastle Building Society opens new giant super branch
Updated:
Newcastle Building Society has opened a new super-branch in Newcastle city centre.
Spread over 10,000sqft and spanning five floors, it is the building society's biggest ever branch and one of the biggest in Britain.
The new branch occupies a former French Connection in a 200-year old Grade-II listed building.
It comes as high street banks are closing across the country.
More than 6,300 branches have been shuttered across the UK over the past 10 years, so the new branch bucks the trend of bank branches closing.
Newcastle's newest branch offer sa full range of banking services and face-to-face financial advice as well as free-to use spaces for events which will be offered to charities and community groups.
Super branch: Newcastle Building Society has opened its biggest ever branch spanning five floors and 10,000 sq ft
Newcastle's usual branches range from 333 sq ft in its community partnership branches which sit inside Libraries and Tourist Information centres and up to 3,035 sq ft at its Northumberland Street branch in Newcastle City Centre.
Andrew Haigh, chief executive of Newcastle Building Society said the branch was opened as a result of members saying they wanted to use branches.
Former Newcastle striker Shola Ameobi cut the ribbon to officially open the new branch
He said: 'Our members repeatedly tell us that they want the option of having a trusted, friendly conversation about their money, rather than being forced to solely manage their finances online.
Having accessible financial services in the heart of Newcastle and across our regions opens the door to better financial outcomes for many more.'
This approach has seen Newcastle Building Society's branch network beat the market average for savings balances.
Between January and April 2025 Newcastle Building Society savings balances grew at a rate more than double the market average according to the mutual.
Newcastle Building Society currently offers easy-access and fixed-rate savings accounts, Isas as well as mortgage products and loans
On hand to open the new branch were former Newcastle United striker Shola Ameobi and North East Mayor, Kim McGuinness.
McGuinness said: 'High streets are closing down and community focal points are disappearing at too many locations across the North East.
'This new flagship branch is exactly what our high streets need: spaces and services to help the communities they serve thrive'
More than 6,300 branches have been shuttered over the past 10 years, so the new branch bucks the trend
Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence. Terms and conditions apply on all offers.
This İs Money
