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CBA should reverse branch closure decisions at Molong and Blayney

15 March 2021

Federal Member for Calare Andrew Gee MP has today called on Commonwealth Bank CEO Mark Comyn to re-think a decision to close bank branches at Molong and Blayney.


“It’s very disappointing to find out about the 4 June closures at the last minute, as local bank branch staff were being informed themselves,” Mr Gee said.


“The banks like to advertise what a great friend they are to Australian communities. Unfortunately it seems the friendship comes to an end when branches aren’t as profitable as they would like them to be.


“This news will be particularly devastating for older Australians, many of whom do not use internet or phone banking.


“There are also many businesses in the Blayney and Cabonne areas who rely on person-to-person banking services.


“I have heard immediate feedback from local residents who say the bank has forgotten its loyal customers and that it’s just not that easy to pop into Orange or Bathurst to do banking if you’re elderly, as many of the residents are in these towns.


“It also poses risks for businesses whose staff will need to carry large sums of money back to Molong and Blayney after a bank run.


“I will be personally contacting Mr Comyn and asking that these decisions be reversed.


“There are very strong and valid arguments for keeping these branches open and that is what I will be seeking.


“I can’t understand why such important and impacting decisions have not been communicated more fully and effectively to the wider community and its representatives.


“It’s a bad look for the bank and exacerbates an appalling situation for these communities.


“I will keep these communities updated on any response from the bank.”