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Shut for good: The closure of Morwellâ&#x20AC;&#x2122;s ANZ branch has been heavily felt in the local business community.
photograph tessa randello
Closure of Morwellâ&#x20AC;&#x2122;s ANZ branch described as a â&#x20AC;&#x2DC;kick in the gutsâ&#x20AC;&#x2122;
By MICHELLE SLATER
MORWELL ANZ business customers are being forced to find another bank after being told the Commercial Road branch is closing permanently. Commercial Road newsagent Ray Burgess has been banking with the neighbouring ANZ branch for the past 15 years, but fears its shock
closure will have ramifications for the Morwell shopping strip. â&#x20AC;&#x153;The bank was a powerful drawcard to Commercial Road, while customers were there they came into my shop or would pop into Mannyâ&#x20AC;&#x2122;s while in our neck of the woods,â&#x20AC;? Mr Burgess said. â&#x20AC;&#x153;The bank is disappearing now, they wonâ&#x20AC;&#x2122;t come in. Banks are important to towns. For me itâ&#x20AC;&#x2122;s strange that a
town as big as Morwell canâ&#x20AC;&#x2122;t sustain a branch.â&#x20AC;? ANZ is encouraging its Morwell customers to move to online services or use the Traralgon, Moe or Warragul branches instead, after temporarily closing Morwell in March. The company said the closure was sparked by a 23 per cent drop in transactions across its branches,
Shop 49 Mid Valley Shopping Centre, Morwell
Ph: 5133 0661
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with more customers moving to nonbranch services. Mr Burgess told The Express he felt â&#x20AC;&#x153;disrespectedâ&#x20AC;? by the big four banker and was now looking for another provider to meet the needs of his cash business, that could not be met by online services.
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