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$1.6 Million Investment In Mt Gambier Upgrade

BankSA has invested $1.6 million on a major upgrade of its Mt Gambier branch in the biggest refurbishment ever undertaken by the bank in rural South Australia.

A comprehensive rebuilding program has just been completed after several months of work.

BankSA Managing Director Rob Chapman said Mt Gambier was an integral part of the banks extensive rural network. The investment of $1.6 million would ensure BankSA was at the forefront of banking in the regional city.

"This is the biggest upgrade weve ever done in rural South Australia and further evidence of the importance we place on our branches in country areas," he said.

Mr Chapman said Mt Gambier had a special place in the history of the bank because the original Mt Gambier branch, opened in 1906, was only the second one opened in South Australia outside of the head office in Adelaide. The Mt Gambier branch was the first rural branch opened by the bank.

The $1.6 million refurbishment is part of a $7 million investment program across the BankSA network on upgrades of branches this financial year.

Under the refurbishment program at the Mt Gambier branch, located at 1 Commercial St East, some staff previously located on the first level of the building will now operate from a remodelled ground floor.

The Mt Gambier branch employs a total of 19 staff and offers a full suite of banking services across retail, commercial lending, home lending and financial planning.

Mr Chapman said the upgrade would ensure that BankSA was able to continue to provide top-rate customer service in a modern, comfortable environment.

"The South-East is a very important part of the South Australian economy and the bank has been backing local people and businesses for generations," he said.

The official handover date by the builders is March 12, and a function to celebrate the newly refurbished premises will be held on April 15 for customers and staff.

BankSA operates 57 branches in country SA as part of its broader network of 119 branches in SA.

The bank also has four branches in the Northern Territory.

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