The Narrandera Shire Council will formally object to the closure of the National Bank branch at Narrandera and will review its banking arrangements following the procurement of a new enterprise management system later this financial year.
The bank advised that the decision to close in October was predicated on a decline in physical transactions conducted in the branch, with most customers carrying out their banking business online or over the phone.
Council management had already conveyed extreme disappointment at the closure.
NAB is the council’s principal banking institution, although it does also conduct some business with the Commonwealth and Macquarie Banks.
Council staff are currently assessing the impact of the closure on Council’s business activities.
With the imminent replacement of Council’s accounting software, it will review banking arrangements when the implications of that change are known.
This article appeared in the Narrandera Argus, 18 August 2022.