Local branch closures on hold for Westpac

May 2, 2024 9:07 am in by
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It would appear local Westpac bank branches are safe from closing for now, as the bank puts a pause on regional closures until at least 2027.

Westpac currently operates a number of branches through the Riverland under both the ‘Westpac’ and ‘Bank SA’ brands.

The moves have followed concerns from many regional Australians at the rate of regional bank closures, with Barmera not having a single bank branch for many years.

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Jason Yetton, Westpac Chief Executive, Consumer, said Westpac had received feedback from customers about the impact of branch closures in the bush and understand they face many challenges such as limited internet connectivity and increased travel times to their nearest branch.

“With many regional areas being thriving business and job hubs, this also benefits our small and agri business customers who have built strong relationships with our bankers who live and work in the area, and understand the local business landscape”.

“At the same time, we’ll work with our partners and local governments to improve regional services and the connection between our branches and local communities. We’ll also look to invest in services where there is a growing customer need, including increasing business bankers,” said Mr Yetton.