In 2006, the NSW government released a planning strategy for Metropolitan Sydney, known as the City of Cities plan for Sydney. The plan identified Bankstown as a 'major centre' for the south west Sydney region. Bankstown Airport was also identified as a 'specialist centre' and the Hume Highway as part of a potential transport corridor. Under the most recent Draft Metropolitan Strategy for Sydney released in 2013, the NSW Government has reaffirmed Bankstown as a major centre, and Bankstown Airport as a specialised centre.

The last Mayor of the City of Bankstown Council was Clr Khal Asfour, a member of the Labor Party.

A 2015 review of local government boundaries by the NSW Government Independent Pricing and Regulatory Tribunal recommended that the City of Bankstown merge with the City of Canterbury to form a new council with an area of 110 square kilometres (42 sq mi) and support a population of approximately 351,000. On 12 May 2016, the NSW Government announced that Bankstown would merge with neighbour City of Canterbury to be known as Canterbury-Bankstown Council.

Suburbs and localities in the former local government area were:

At the 2011 Census, there were 182,352 people in the Bankstown local government area, of these 49.3% were male and 50.7% were female. Aboriginal and Torres Strait Islander people made up 0.8% of the population. The median age of people in the City of Bankstown was 35 years, which is slightly lower than the national median of 37 years. Children aged 0 – 14 years made up 21.7% of the population and people aged 65 years and over made up 13.7% of the population. Of people in the area aged 15 years and over, 52.1% were married and 11.0% were either divorced or separated.

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