Gippsland South The Nationals Danny O'Brien ANZ Bank closure commerce

Statement – ANZ bank closure

“This is a very disappointing decision by the ANZ and will have an impact on the Foster community and local businesses.

“Foster has an older community, many of whom still like to utilise the branch service, and they will no doubt also be inconvenienced by this decision.

“I support a strong and stable banking system which includes successful major banks, but with ANZ posting a $6.4 billion profit last year and still making decisions to close branches in country towns like Foster - my patience has worn thin.

“We have a great local community bank branch and I strongly urge anyone who may be inconvenienced by this decision to consider moving their accounts to that branch.

“This decision also makes it even more critical that Foster retains its existing businesses, in particular the 50-odd jobs that are provided through South Gippsland Water which must not proceed with any decision to leave the town.”

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