Is this the death of the regional bank? Country communities reeling from bank branch closures

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Even more regional bank branches have closed in the wake of COVID-19 as more people embraced online banking. But what impact will this have on country communities?

It is 9am at the local newsagency in the quiet northern Victorian town of Mooroopna, and the air is buzzing with the news the local National Australia Bank branch, just a few doors down, is set to close its doors on January 20.The federal government has established a regional banking taskforce to address this

Mooroopna is just one of many regional Australian communities reeling from yet another bank branch closure. By June this year, that number had slumped by almost 30 per cent to 1896, with an average of 100 branches closing per year.

 

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bendigobank WestpacMedia CommBank have all abandoned our little town, the last two in the last 2 years.

Death of bank branches in general.... Have been dying a slow death for years...

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