A promise by one of the big four banks not to shut any further regional branches may have come too late for the Ballarat region.
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Commonwealth Bank will keep all its remaining regional branches open until 2026 but has left the door open to reducing face-to-face services as it moves towards more "multi-channel" branches.
But it is little solace for small towns and suburban branches that have been lopped by the major bank.
Ballan lost its Commonwealth Bank in 2021 and it followed a cluster of other closures including Creswick (November 2019) and Sebastopol (May 2020),
A NAB branch also closed in Sturt Street in 2020 and Westpac in Maryborough (September 2019).
New research also found that a whopping 64 per cent of regional bank branches have closed since 1975 - including a long list around Ballarat.
And of the 1226 Australian towns that had banks back then, only 370 still have them today.
Researcher Dale Webster - supported by the Finance Sector Union - also found that 589 now had no bank at all.
Her work found that last year, regional Australia lost 113 branches from the 'Big Four' - and sadly Ballan was one of them, when its Commonwealth Bank branch closed 14 months ago.
This week a Senate committee has been examining the impact of bank closures across rural Australia, where more than 650 branches have shut since 2017.
The inquiry has heard farmers, small businesses, the elderly and vulnerable people in the bush have been left high and dry - often forced to travel hundreds of kilometres to the next town - as banks shut up shop.
CBA retail banking chief Angus Sullivan says the company wants to keep supporting regional customers who prefer in-person banking, as digital and phone-based services take prominence.
"Today's announcement ensures CBA continues to offer the largest branch network in Australia, providing customers across the country with a wide range of flexible banking options and locations," he said on Friday.
While the bank is steadfast on keeping regional branches open, it is considering turning more of them into "multi-channel" locations.
These branches provide face-to-face services for the first part of the day before closing to local customers at 1pm, at which point branch staff move to providing phone and online support.
"Multi-channel branches allow us to maintain a strong physical presence across regional Australia, safeguard and upskill regional employment and help CBA meet increasing customer demand for phone and digital banking services across the country," Mr Sullivan said.
A spokeswoman for CBA told AAP no staff were sacked or had working hours reduced when the bank's 90 existing multi-channel branches were set up.
No staff received lower pay as a result of the changes and no redundancies would result from future transitions to multi-channel branches, she said.
CBA will also continue to provide face-to-face banking services through 1800 rural and remote Australia Post locations.
The Senate inquiry into regional bank closures has received more than 550 submissions and is due to report back by December.
With AAP