GOODBYE COMMBANK

“The Peninsula Chamber of Commerce is extremely disappointed in the news that the Commonwealth Bank is closing the Umina Beach branch on the 26th August”, said Peninsula Chamber President Matthew Wales.

“This is yet another sign that the big banks care little for local town centres as they continue to strive to cut costs and drive profits up often at the expense of local communities”.

“Umina Beach is one of the busiest and most vibrant retail shopping strips on the Central Coast yet it appears that the Commonwealth Bank is more interested in saving dollars than looking after the interests of its local customer base”.

“Sadly, I’m not surprised as we have seen a cavalcade of banks and buildings societies slowly withdraw from the main street with only brand ATM’s offering any form of banking service”, said Matthew Wales.

“This now leaves Umina Beach without any frontline banking services”.

“You can be sure that the Commonwealth Bank will offer up the usual banking excuses such as falling counter transactions, decreasing cash deposits and withdrawals and higher internet usage”, said Matthew Wales.

“This does nothing for the health and vitality of local town centres and is a sad reflection of changing times and big bank attitudes.”