"We are constantly reviewing the locations of our store network to make sure we are focusing investment in the areas we can best serve the changing needs of our customers. Consequently, a decision has been made to close BNZ Paihia and concentrate our in-store banking services in that area at BNZ Kerikeri," Ms Mold said.
Kerikeri is 24km or about 25 minutes drive from Paihia.
No change was planned at the bank's new, purpose-built store on Kaitaia's Commerce St, which opened on February 27.
Mr Peters, who is also the leader of NZ First, said it was "another example of a foreign corporate's indifference to small-town New Zealand".
"It's not as though they are running short of money. Last year BNZ overall recorded a profit of $913 million. But like other Australian-owned banks in New Zealand such as Westpac, which shut 19 branches around New Zealand last year, they are interested only in making as big a profit as they can," he said.
Mr Peters said the reduction in hours at Kaikohe and Dargaville was a first step towards closure. The bank would not comment on that claim.
News of the BNZ branch closure follows last year's closure of Paihia's Post Office. Postal and Kiwibank services are now handled by an agency in Paihia Bookshop further up Williams Rd. Only the ASB and Westpac still have branches in Paihia.
The last bank in Russell, a Westpac branch, shut down in 2013, and the only ATM machine in Waipapa, also owned by Westpac, was removed in late 2015.