After 90 years at its iconic spot at the top of High Street, the Commonwealth Bank of Australia (CBA) has revealed it will shift its Penrith branch.
A CBA spokeswoman confirmed the rumour, saying the branch will move from 384-386 High Street, Penrith before the end of the year, as part of CBA’s “continued investment” into its branch network.
“We are investing $3 million in our presence in the Penrith area, and look forward to welcoming local customers to our new Penrith branch which will relocate to 510-536 High Street from mid-December 2021,” she said.
“This new branch will showcase the latest in banking technology, including a coin counting device, 24/7 access to ATMs with instant deposit capability, NetBank kiosks, safe deposit vaults and a change machine.”
The Weekender understands the bank will occupy the vacant building next to OnePointHealth, previously home to Priceline, a clothing store, medical centre and skin cancer clinic.
The new-look branch also positions CBA closer to the other ‘big four’ banks and just metres away from ANZ.
The CBA branch at 384-386 High Street, Penrith first opened way back in December 1931.
The Westfield Penrith branch also remains open to serve customers.
The relocation means CBA will have two branches within a few hundred metres of each other, sparking further rumours that the Westfield branch may eventually close.
Alena Higgins
Alena Higgins is the Weekender's Senior News Reporter, primarily covering courts and Council issues.