May 19, 2021 | Business, Community

Outrage continues over Logan Central bank closure

  • Scott Mayman is an award-winning radio presenter and journalist who has worked professionally in both Australia and in the United States and is also a Correspondent for CBS News Radio in New York.

There’s outrage over the closure of the last major bank in Logan Central 

The Commonwealth Bank is set to close next month at Logan Central Plaza

It’s a move that will impact hundreds of local pensioners, not-for-profit groups, families, and local business

Over the road at the National Australia Bank and its Chief Executive Ross McEwan says the pandemic has left many banks less profitable.

“Before we close a branch or go anywhere near closing a branch,  we look at all the stats of where are all the people banking – whether it’s in that branch or other branches and what other services are available”.

After the closure, only the Bank of Queensland will service Logan Central and the surrounding suburb of Woodridge.

One councillor wants to put a stop to the latest bank closure saying elderly locals have trusted the bank for many years and can’t go without.

Logan City Councillor Teresa Lane has created an online petition in protest of this and says she has written to the Finance Sector Union and the Commonwealth Bank asking for a reversal of the decision.

Read our earlier story HERE.

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