PHOTO: Gilgandra lost its NAB branch last week.
Last week, three NAB branches closed in the Western Plains, two more dominoes in the falling regional banking landscape. For Lake Cargelligo, it was the death of the last bank in their community. The numbers may not tell the whole story, however.
According to ‘fact sheets’ that are distributed by NAB to justify branch closures, approximately 44 per cent of customers in Lake Cargelligo visited the branch, 50 per cent in Warren, and 47 per cent in Gilgandra.
A recent Parliamentary hearing into the ‘Big Four’ banks, however, heard that NAB doesn’t count all foot traffic within the branch as a customer visit…