The first of four steps before opening a Community Bank® branch.
This is the opportunity for members of the community to indicate their support as a future shareholder and customer. Without enough community support, the branch will not go ahead.
Once they've pledged their support, community members will receive a feasibility survey which helps the local committee determine if there is enough banking business to open your Community Bank® branch.
During the prospectus phase (usually three to four months), you'll formalise your support for your Community Bank® branch by purchasing shares in your community company.
As a shareholder, you will help determine where branch profits are allocated.
Step four, the most important of all, will see the doors open on your local Community Bank® branch.
Local residents and businesses commence an ongoing relationship with the branch.
For more information, please see...
"Building better communities - Bendigo's Community Bank® story"