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
Natasha Hunt is ready for World Cup duty with England three years after missing out on a call

Natasha Hunt eager to aid England in achieving Women’s Rugby World Cup victory after missing the tournament three years ago.

Natasha Hunt was notably absent from England’s squad for the 2022 Women’s…
Counter-terrorism police have charged a second man over an arson attack at the Adass Israel Synagogue in Melbourne.

Another Arrest Made in Melbourne Synagogue Fire Incident

A counter-terrorism investigation team has charged a second man over an alleged…
Children with mild autism to be removed from the NDIS by 2027

‘Unneeded Concerns’: Behind the $2B Effort to Redirect Children with Autism Away from NDIS

Millions of Australian parents are now scrambling to find out how the…
Australian dollars cash currency

Australians May Be Losing Hundreds of Thousands in Retirement Savings Due to Inaction

Almost a third of Australians are potentially forgoing a six-figure sum in…

Two Bodies Discovered After Car Plunges Into River Amid Heavy Rain in NSW

As heavy rain persists in parts of NSW, two bodies have been…
Richard Knight is a lived experience researcher who is recruiting participants for a UNSW into men with eating disorders.

Decades Passed Before Richard’s Anorexia Was Diagnosed: He’s Not the Only One

For decades, Melbourne social worker and researcher Richard Knight had no idea…
Pro-Palestine activists vow to keep fighting after bridge protest loss

Pro-Palestine Demonstrators Pledge to Continue Their Efforts Despite Setback from Bridge Protest

Pro-Palestine supporters are vowing to keep fighting to protest on Brisbane’s Story…

Brisbane Pro-Palestinian March Prohibited Over Safety Worries

A magistrate has ruled a pro-Palestinian march should not take place on…
Legendary New Zealand-born cinematographer John Bartley died on Sunday in Los Angeles , aged 78

Renowned Hollywood Figure from The X-Files and Lost Passes Away at 78

Legendary New Zealand-born cinematographer John Bartley died on Sunday in Los Angeles,…

Israel Greenlights Controversial Expansion of West Bank Settlements

Key Points Despite widespread international objections, Israel has greenlit a controversial settlement…

Antarctica’s Rapid and Possibly Permanent Transformations

Ongoing loss of Antarctic sea ice could result in amplified warming in…
Bruce Lehrmann arriving at Federal court

Lawyer Claims Judge Was ‘Distracted’ by Alleged Bruce Lehrmann Cover-Up

The judge who determined that Bruce Lehrmann likely raped his then-colleague Brittany…