Westpac has announced a $5 million renovation of its historic Peel Street branch in Tamworth, with the project aimed at modernising customer facilities while preserving the building's role in the city's commercial centre. The branch, which has served the Tamworth community for around 170 years, will temporarily close during construction before reopening with upgraded services.

The redevelopment will include a redesigned banking hall, improved accessibility features and a new 24/7 self-service banking zone. The investment is intended to better support customers who increasingly rely on a mix of digital and in-person banking services.

Westpac said customers will continue to have access to banking through alternative branches, ATMs and online services while the Peel Street location undergoes its refurbishment. The bank has advised customers to check temporary service arrangements during the construction period.

The Peel Street branch has long been a familiar landmark in Tamworth's central business district. Over the decades it has served residents, local businesses, farmers and regional industries across the New England and North West regions of New South Wales. The renovation is expected to preserve that role while bringing the facility up to modern standards.

Local business leaders have welcomed continued investment in Tamworth's CBD, noting that improvements to major commercial buildings help strengthen confidence in the regional economy. Banking services remain essential for agriculture, retail, property and small businesses operating throughout the region.

The project is also expected to generate work for contractors and trades involved in the refurbishment. Construction activity contributes to the local economy while improving public infrastructure within the city centre.

Tamworth continues to grow as one of regional Australia's major service hubs, supporting surrounding communities with financial, health, education and government services. Investment in commercial infrastructure is considered important as the city's population and business activity continue to expand.

Once completed, the upgraded branch will provide improved facilities for customers while retaining its place as one of Tamworth's best-known banking locations. Westpac expects the redevelopment to enhance customer experience and support future banking needs in the region.