ASouth East bank is set to change hands after being empty for exactly two years.

Millicent lost its Commonwealth Bank branch in 2020 while local face-to-face banking services further declined when BankSA, Peoples Choice Credit Union and the Millicent Post Office trimmed their opening hours.

The empty bank building in George Street was purpose-built for the Commonwealth Bank in 1961 by prominent Millicent firm Zanello and Buffon Pty Ltd.

Soon after its closure, it was listed for sale with a Millicent real estate firm for $255,000.

Until the 1980s, Millicent had six staffed banks with the now-defunct Bank of Adelaide, Westpac and the State Bank of South Australia also present.

The only remaining bank branches are the ANZ and BankSA.