The Bank of Melbourne will not salvage Warrnambool's historic T&G Corner sign, instead taking it down and storing it.
The sign was revealed while builders were carrying out works at the Bank of Melbourne on the corner of Liebig and Lava streets.
When asked if it would restore the sign, the Bank of Melbourne said it was trying to 'strike a balance' between celebrating the history of the site while "being utilised effectively for its current purpose".
Bank of Melbourne CEO Michelle Winzer said the T&G signage from the awning would be removed and stored on the premises.
"We respect that this building has significant historical value to the Warrnambool community and are delighted to have it as Bank of Melbourne's home in the region," she said.
"With this in mind we will ensure that the building's facade, particularly its clock tower, is largely maintained, while also making sure that reasonable signage is in place to inform customers that it's a Bank of Melbourne branch."
Warrnambool City councillor David Owen, who had hoped the sign would be restored, said it was disappointing but that it was ultimately up to the bank.
"It's unfortunate but it's the owners decision at the end of the day," he said.
"I would have liked to see it up there and a lot of other people did too.
"It opened a window to the past."
The Bank of Melbourne is now calling for community members to come forward with historical photos to display in the branch to celebrate the history of the building, a move that Cr Owen welcomed.
"I think they are going to do a photographic exhibition within the bank of what the building looked like there," he said.
"Hopefully we can one day see the sign displayed at History House or somewhere like that."
Those with photos are encouraged to visit the bank and speak to the branch team.
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