However, customers will be able to access cash transaction services at Westpac's Koroit Street branch.

A Westpac Group spokesman said the company was working with employees affected by the closure.

"As we continue to adapt to our changing customer needs, this will result in new opportunities within the Westpac Group as we grow our phone, digital and virtual offerings," the spokesman said.

"We have a robust process in place to assist employees to find new opportunities within Westpac Group, meaning the majority of employees affected secure a new role and continue their career in the Group."

Westpac Group has made significant investments in digital and virtual banking options that complement how its customers like to bank, the spokesman said.

"Importantly, in Warrnambool, we have brought forward investment in our in-branch technology, meaning Bank of Melbourne customers will be able to access cash transaction services at our local Westpac branch," he said.

The future of the Bank of Melbourne site in Liebig Street has not been disclosed.

IN OTHER NEWS

Our journalists work hard to provide local, up-to-date news to the community. This is how you can access our trusted content:

Now just one tap with our new app: Digital subscribers now have the convenience of faster news, right at your fingertips with The Standard: