With Commonwealth descending on Colonial from a great height, one big concern has been the axing of State Bank branches.
With Commonwealth descending on Colonial from a great height, one big concern has been the axing of State Bank branches.
Officially only the duplicates will go, but we all know that as soon as the chain-saw fires up, it will be hard to stop.
At the Colonial vote last week, one dear old lady stood up and wanted to know about her local branch.
Her husband had opened an account with the Rural Bank at Mount Druitt in New South Wales at the end of the war.
They had now moved to Hoppers Crossing in Victoria and she wanted to know that they would still be able to get to their money there after Commonwealth took over.
Colonial is genial chairman David Adam assured the lady that most branch closures would happen in NSW where there was lots of duplication between Colonial State Bank and Commonwealth.
Unfortunately, Mr Adam obviously hadn’t been told that the Commonwealth announced the closure of a Victorian branch just a week before the Colonial meeting.
Yes, you guessed it. Hoppers Crossing.
