BoM to open branch number 70

Westpac's Bank of Melbourne will open its 70th branch since its launch in 2011 on its way to its goal of 100 branches in five years.

Chief executive Scott Tanner said: “Each of our branches that we've built since we launched has produced good growth in balance and good growth in customers. We're going to keep doing it because we think that's what Victorians want.”

The bank has received about 70,000 new customers since launching in July 2011. Its latest branch, in Traralgon, will open on April 15.

Source: Sydney Morning Herald