Strong community support for alternative banking operations in Tom Price

Published on Tuesday, 11 October 2022 at 4:26:11 PM

Last night Tom Price community members and representatives from the business community joined the Shire of Ashburton for an open discussion on the closure of the Westpac Bank branch at the end of the year.

The session allowed for the community to discuss the banking requirements of residents, community organisations and local business following Westpac’s announcement that they will shut the only local bank branch in December.

Shire of Ashburton representatives enabled the discussion and allowed community members to voice their concerns and requirements for physical banking facilities in Tom Price. Those most affected were frustrated over lack of options for large cash handling from a business perspective and business banking requirements, along with community groups and organisations who without a local branch will not be able to access club accounts and for cash services.

A community bank model was also discussed, with the discussion group interested in forming a steering committee to research this option further.

The Shire of Ashburton is continuing to approach community banks to determine an interest in operating in Tom Price.

Members of the community who are interested in being part of the steering committee are invited to email [email protected] or call 08 9184 9305v

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