The imminent closure of the Westpac bank branch at Sorell is “yet another blow” to Tasmania’s regional communities, says Federal Member for Lyons Brian Mitchell.
Westpac, which has seen share prices rise more than 70 per cent in the past financial year, announced today it will close the Sorell branch on Friday 15 October 2021.
“Once again, a big bank is showing complete disregard for its regional customers by shutting down a branch,” Mr Mitchell said.
“If a bank can’t figure out how to turn a profit in a fast-growing region like Sorell, what hope do other towns across regional Tasmania have of keeping their branches.
“This closure shows that the big banks are determined to close their regional branch networks, replacing them with online services and limited Australia Post banking.”
“Just weeks ago, the Commonwealth abandoned St Marys and cut hours at Deloraine, Longford and St Helens,” the MP said. “In recent years the ANZ and NAB have also cut their networks.
“We need to rebuild our regions and stop this continual hollowing out of essential services.”
Mr Mitchell urged Westpac customers in Sorell to show the bank the same loyalty it was showing them, and consider moving their business to a bank that supported the town.