BANK ON IT: There's no shortage of other banks in Stanthorpe according to Chamber of Commerce President Ian Henderson.
BANK ON IT: There's no shortage of other banks in Stanthorpe according to Chamber of Commerce President Ian Henderson. MilosJokic

Chamber president: 'Switch banks now'

STANTHORPE Chamber of Commerce president Ian Henderson is encouraging local ANZ customers to support local businesses and switch to any of the other banks that are committed to retaining a presence in the town.

Mr Henderson said ANZ's decision to close its Stanthorpe branch was a loss for the bank and not for the town.

"I see it as ANZ's problem if they can't differential themselves in the market here - it's the bank's failure not Stanthorpe's," he said.

"The positive side here is there is no shortage of banking opportunities in town," he said.

"If you really want to support local business, move across to another bank, they're all good."

Mr Henderson said ANZ's branch closure was a sign the bank had lost its competitive edge and it may be in customers' advantage to switch banks.

"It really isn't that hard to move banks, they make it very easy these days," he said.

Mr Henderson said he was confident many Stanthorpe residents would switch to one of the other banks in town to retain face-to-face service.

Other banks include the Queensland Credit Union, Bendigo Bank, Heritage Bank, National Australia Bank and Commonwealth Bank.

Mr Henderson said bank buildings had emotional significance for older generations.

"It is a place that has an emotional attachment... it is the place they see where their money is being held securely," he said.

"Take my mother for example - she needs a big physical brick and mortar building and a bank with a big steel door with a bolt in order to feel comfortable where her savings are.

"Those people still want to feel safe and secure and they need a big steel door to get that.

"I hope they will move to another bank in town that will offer them that comfort," he said.

Mr Henderson said it was interesting that branches were closing in a town with an ageing population.

"It is the older generations in our community who have always dealt face to face across the counter... the majority of our population are ones who are most likely to want to go into a branch."

But despite his optimism at the opportunity for other banks, Mr Henderson said he was disappointed for the staff members who were affected by the closure.

"It's incredibly disappointing for the five or six people who will be transferred out of town or unemployed."

A spokesman for ANZ said the bank would try to find new positions for affected staff.

The bank has also announced it will close branches in Oakey, Highfields and Chinchilla.

"We are consulting the staff members and supporting them through this transition while making every effort to find them redeployment opportunities with ANZ," he said.



Jury returns verdict on uncle accused of choking his nephew

premium_icon Jury returns verdict on uncle accused of choking his nephew

The fate of a Warwick man caught in a 'family feud' has been decided

Technology will track mental health in Warwick workplaces

premium_icon Technology will track mental health in Warwick workplaces

Warwick to become centre of innovative mental health trial

Local Partners