regional bank closures

Murrindindi Shire Council has expressed deep concern about the decision to close the Community Bank Kinglake branch, warning it risks undermining bushfire recovery and will leave the community without a critical local service. The branch will close on Friday 5 June 2026, forcing residents to travel around 25 kilometres to access the nearest full-service bank in Hurstbridge.

Love it, hate it or don’t even understand it, Bendigo Bank’s multi-million dollar “Better Big Bank” marketing campaign has raised a lot of questions since its launch seven years ago ... A review of the “last bank out” of regional towns across Australia since 2020 has revealed that Bendigo has left more communities without banking services than all four big banks put together.

Major-brand supermarkets and fuel retailers in bankless towns could be eligible for exemptions from the Federal Government’s proposed cash mandate regulations under exceptional circumstances provisions, an official from Treasury confirmed today during Senate Estimates hearings. The information was obtained by WA Senator Tyron Whitten in a series of questions about regional banking services.

Plans announced by Westpac today are little more than “tokenistic and cosmetic” and do nothing to address the fundamental crisis facing bank branches in regional and remote communities, says the Regional Banking Investment Alliance (RBIA).

Westpac has announced it will extend its moratorium on regional branch closures and pilot a new way to deliver banking services to regional communities through a new Community Banking Service. Westpac first implemented a pause on regional branch closures in 2023 which was extended earlier this year until mid-2027.

There are fatal flaws in the Federal Government’s draft cash mandate regulations and they can be traced back to Prime Minister Anthony Albanese's refusal to respond to Senate recommendations to fix the banking crisis in regional Australia.

Country Mayors Association of NSW Chairman, Mayor Rick Firman OAM has commended Westpac Bank for opening a new Regional Service Centre in Moree, in north-west NSW and for what appears to be a vastly improved attitude towards servicing country NSW communities.

The people of Wycheproof are deeply concerned by the recent announcement that Bendigo Bank will fully close its agency in the town. This decision, made without broad community consultation, has significant implications for residents, local businesses, and the liveability of the rural community.

Bendigo Bank torches regional development with selective blacklist based on mining. Just like the fictional Tasmanian town of Mystery Bay, a star in its own right in the hit ABC TV series Bay of Fires, Queenstown, where much of the show was filmed, is being held back by mysterious forces. Locals have suspected for some time that the town was a “no-go” area for home lending but like many other disadvantages they face due to remoteness, it was believed geography was the likely cause.

As the push for a cashless society continues, so does the exodus of financial institutions from the Yamba CBD, with BCU the latest to announce it will close its doors early next year. The Yamba CBD was once home to six different financial institutions, ANZ, BCU, Commonwealth Bank, NAB, St George, and Westpac.