Bendigo Bank will shut down 10 branches across three states, leaving five regional communities without any financial services.
Share this @internewscast.com

Bendigo Bank announced it will shut down 10 branches across three states, leaving five regional communities without any financial services.

The closing of branches — six in Victoria, two in Queensland, and two in Tasmania — is set to commence on August 1 and wrap up by October 31.

A full list of the affected branches can be found below.

Bendigo Bank will shut down 10 branches across three states, leaving five regional communities without any financial services.
Bendigo Bank will shut down 10 branches across three states. (Supplied)

The bank attributed the decision to a review into changing customer preferences, reduced business activity and increased costs.

Bendigo Bank Chief Executive Richard Fennell said closing down branches was a last resort.

“To maintain the unique qualities of our bank, we must balance our physical network and continue to invest in the evolving preferences of our 2.7 million customers,” he stated.

Bendigo Bank is working with affected staff and exploring opportunities to redeploy them to other parts of the business.

9news.com.au understands there are about 30 staff members impacted by the closures.

Finance Sector Union National Secretary Julia Angrisano has reached out to Fennell, urging him to reconsider the decision since five regional communities — Bannockburn, Korumburra, and Yarram in Victoria, Malanda in Queensland, and Queenstown in Tasmania — will be without a bank branch.

Bendigo Bank will shut down 10 branches across three states, leaving five regional communities without any financial services.
Bendigo Bank Chief Executive Richard Fennell. (Supplied)

“The largest impact from this decision will be felt in the bank’s home state of Victoria with six branches closing including larger regional branches in Geelong and Ballarat, and a suburban branch in South Melbourne,” she said.

“This is an incredibly disturbing development and does not bode well for the future of Bendigo Bank’s presence in regional Australia.

“For a bank which proudly has its regional centre hometown as part of its name, and is fondly known for its community branch network, this decision feels very ‘big bank’ for all the wrong reasons.”

Fennell insisted Bendigo Bank had more branches per customer than any other Australian bank and operated the second largest regional branch network.

“We are proud of our regional heritage and in order to continue delivering for our customers and communities we must ensure our branches are adequately supported and resourced,” he said. 

Bendigo Bank will shut down 10 branches across three states, leaving five regional communities without any financial services.
Bendigo Bank had more branches per customer than any other Australian bank. (Supplied)

Bendigo Bank branch closures

  • South Melbourne on August 1
  • Malop Street Geelong on August 1
  • Bannockburn on September 25
  • Yarram on September 26
  • Korumburra on August 29
  • Ballarat Central on October 31
  • Malanda on September 26
  • Tully North on September 26
  • Kings Meadow on August 1
  • Queenstown on September 26
Share this @internewscast.com
You May Also Like
Ryan Cho (pictured left) made a second bid for freedom in the Victorian Supreme Court today after his first bail application was refused in July.

Doctor Granted New Bail After Allegations of Secretly Filming Hospital Staff

A junior doctor, alleged to have secretly filmed hundreds of hospital staff,…

Key Term in Mark Butler’s NDIS Proposal Raises Concerns for Mother of Autistic Daughters

Katie Koullas worries her two autistic daughters will lose vital support under…
Ultra Violette Lean Screen.

Well-Known Sunscreen Brand Recalls Product from Stores

Australian sunscreen brand Ultra Violette has pulled one of its products from…
This hotel has no new bookings but is full every night. Why some neighbours are upset

This hotel’s full occupancy without new bookings is causing some neighborhood upset.

The Bell Hotel in Epping, located just outside of London, receives no…

Ultra Violette’s Lean Screen Sunscreen Discontinued

Key Points Ultra Violette’s Lean Screen SPF 50+ had performed the worst…
Police explode dangerous device found on Sunshine Coast beach

Authorities detonate hazardous device discovered on Sunshine Coast beach

Specialized police have detonated a hazardous device discovered on a well-frequented beach…
Experienced skydiver deliberately plunged to death, coroner finds

Coroner Determines Experienced Skydiver Intentionally Perished in Jump

A British woman who fell to her death skydiving the day after…

Australia Among 21 Nations Criticizing Israel’s Unlawful West Bank Settlement Proposal

Australia is part of a coalition of 21 nations that have jointly…
The sinister gadget Sydney man allegedly had on his shoelaces

The Ominous Device Found on a Sydney Man’s Shoelaces Allegedly

A Sydney man who has been charged with child abuse material and…
'Pay these workers a living wage': SA hospital staff strike for pay rise

“South African Hospital Workers Strike, Demanding Fair Wages”

The workers, encompassing theatre technicians, hospital cleaners, and orderlies from both city…
Federal Minister for Education Jason Clare alongside state education ministers during a press conference regarding early childcare.

$190M Childcare Revamp to Include National Worker Registry and Mobile Device Restrictions

Mobile phones will be banned, CCTV rolled out, and a national worker…
Jeffrey Epstein and Donald Trump

Ghislaine Maxwell informs the Justice Department that she didn’t witness any improper behavior from Trump

Jeffrey Epstein’s former girlfriend, who is currently imprisoned, firmly denied witnessing any…