The Capricornian set to open new branch in Capella as another big bank closes its doors

The Capricornian has announced it will open a new branch at Capella in the Central Highlands!

The plans were approved by the Central Highlands Regional Council at its meeting today.

The Capricornian CEO Dale Grounds said the move would ensure residents in the area maintain access to banking services as major banks continue to abandon regional communities.

The NAB branch in Capella will close its doors on August 20.

Mr Grounds said The Capricornian was committed to supporting the central Queensland community and had worked closely with the Central Highlands Regional Council to develop a solution.

“The people of Regional Queensland deserve the opportunity to continue to bank how they prefer, be it face to face or electronic or both,” Mr Grounds said.

“This understanding is at the core of community-owned financial institutions and has guided The Capricornian’s expansion into communities that are deemed to be too small to look after by the major banks.”

The Capricornian’s Capella branch will be established in the Central Highlands Regional Council building at 4 Conran Street and is planned to open in August 2021.

“With the support of the council, this operating model has proven very successful in Springsure and we’re confident it will be just as well supported by the local community in Capella,” Mr Grounds said.

The Capella branch will be The Capricornian’s third branch in the central Highlands and the eighth in the wider central Queensland region.

The member-owned financial institution also has branches in Yeppoon, Rockhampton (East Street and Stockland Rockhampton), Gladstone, Miriam Vale, Emerald and Springsure.

The Capricornian’s presence in Capella will also allow staff to service other nearby communities including Clermont and Tieri– towns that are also currently without banking services.

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