Bankwest to face inquiry for rural bank closures, planning to shut 45 branches in WA by Oct.
Bankwest executives will face an inquiry into rural bank closures after announcing the company will shut all its branches in favor of online services. The Commonwealth Bank subsidiary plans to close 45 branches in Western Australia by October and convert 15 regional sites to CBA operations. Bankwest's announcement revealed that 97% of transactions were conducted online, with less than 2% of customers visiting branches regularly.
March 12, 2024
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