25/07/2025
Craig and Cynthia Drewer ran the Clunes newsagency like a second home – greeting customers by name, checking in on their wellbeing, taking donations for the firies, helping oldies with bills and passbooks, you name it.
It wasn’t just a shop – it was a hub, a safe haven, and a lifeline for a tight-knit community. But after years of service, they’re getting shafted. Why? Because Bendigo Bank has pulled the plug on the agency they ran. No discussion, no loyalty.
And don’t swallow the corporate spin – this wasn’t about “efficiencies” or “future strategy.” This was a decision made in a boardroom a hundred kilometres away, with zero thought for what happens to the town left behind.
While Bendigo Bank talks a big game about being the “community bank,” they’ve been quietly closing branches across regional Australia, stripping back face-to-face services, and hanging loyal customers out to dry.
This has all been taking place while they are posting profits in the hundreds of millions. Their half-year 2025 result? $265 million in cash earnings – still not enough to keep a small-town agency going?
And here’s the kicker – the bank's top shareholders these days? State Street, Vanguard and BlackRock. The same three global giants holding the reins on everything from fossil fuels to pharmaceuticals. So much for community ownership.
The Drewers aren’t just losing their business, Clunes is losing one of its last human connections – all to keep shareholders smiling. Meanwhile, Bendigo Bank isn’t just turning its back on Clunes – it’s turning into everything it once claimed to stand against.