The National Australia Bank (NAB) have announced that they will be closing their Biggenden Branch at 23 George Street on July 27, 2023.
This bank branch closure joins over 550 branches closed since January 2020 by the big four banks.
Federal Member for Flynn, Colin Boyce said it’s time for the big banks to put their money where their mouth is and stop treating our regional communities like second class citizens.
“Bank branch closures have occurred all over the Flynn electorate in communities such as Gladstone, Tannum Sands, Moura, Biloela, Theodore, Emerald, Springsure, Capella, Mundubbera, Gin Gin, Gayndah, Gracemere, Taroom, Wondai, Monto and Mount Morgan,” Mr Boyce said.
“On many occasions, the big banks have advised customers to use online services or Australia Post. While this may be viable for some people, I have serious concerns for our elderly that rely on these bank branches.
“Constituents in some communities have to drive hours to visit their nearest branch because of bank branch closures. It is simply not good enough.
“NAB’s actions are disappointing even more so considering it recorded a record interim cash profit of $4.07 billion.
“There are 47 community groups and 48 small businesses that are set to be affected by the NAB Biggenden branch closure. I urge NAB to support the community and keep this branch OPEN.”