Big Four banks to keep their regional branches open until at least mid-2027

Big Four banks to keep their regional branches open until at least mid-2027

The big four banks have agreed to keep their regional branches open until at least 2027 as the government works to secure banking services in the bush.

Banks agree: no regional branch closures – until 2027

The big banks have agreed to a two-and-a-half-year moratorium on regional branch closures. (Joel Carrett/AAP PHOTOS) By Stephanie Gardiner and Andrew Brown The last bank in Mannum closed at the worst possible time – just as flood waters were engulfing the South Australian town on the Murray River. For the historic town that relies on tourism, hospitality and farming, the federal government’s moratorium on regional bank closures is cold comfort. …

Australian Banks Agree to Pause Rural Branch Closures

Banks to pause rural branch closures until 2027 and also make their services available via Australia Post. To continue reading... Sign in Password * Remember me Lost your password? Subscribe Subscribe to Regulation Asia to gain access to APAC’s leading platform for news, analysis, research and verified data on financial regulation. Select More Information below to view our subscription…

Regional bank branch closures halted until 2027

Bank closures in regional areas are on hold, with the government and the big four reaching a deal to pause shutdowns for more than two years. Also promised – more reliable banking services at post offices.

CBA shares fall amid branch news ahead of HY25 result

The Commonwealth Bank of Australia (ASX: CBA) share price dropped 0.41% today after the ASX bank share announced a significant decision regarding its branch network. The Australian banking landscape has changed significantly in the past decade or two. Online banking has reduced customer demand for branches because customers can do almost everything digitally. The larger banks of CBA, Westpac Banking Corp (ASX: WBC), National Australia Bank Ltd (…

Rural branch closures halted as banks rush to avoid govt's $350m levy plan

Banks will freeze regional branch closures until mid-2027 after a month of negotiations with Canberra over a contentious $350m Treasury levy proposal.