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Bendigo Bank celebrates 150 years with the communities which ensure its prosperity

8 July 2008 |Media centre

Bendigo Bank tomorrow celebrates the 150th anniversary of the formation of the first Bendigo Building Society and is taking the opportunity to look to its future.

Three days of celebrations begin tomorrow night with a dinner in Bendigo Town Hall to commemorate the inaugural meeting to form the company held on 9 July 1858. The keynote address will be delivered by Reserve Bank Governor Glenn Stevens.

Celebrations continue on Thursday when 600 bank staff gather in a giant marquee in Rosalind Park in the centre of Bendigo. The same venue hosts a community celebration, open to all, on Friday.

Chairman Robert Johanson said the bank had a proud history of strong operating ethics and practices. It was in a strong position and the outlook was bright.

“We have continued to report profits every year through many different circumstances and crises as a result of prudent financial management, strong community partnerships and a commitment to the welfare of our customers,” Mr Johanson said.

“These qualities are as vital today as they were in 1858.”

Bendigo and Adelaide Bank is now engaged with more than 500 communities through a fast-growing network of Community Bank branches and company owned outlets, and with other companies through joint ventures and partnerships.

Managing director Rob Hunt said the 150th anniversary had as much to do with the communities to which the bank had contributed, and which were thriving.

“We understand that our success is inextricably linked to the success of our customers and communities and, of course, the success of our partners,” Mr Hunt said.

“So if we can assist the development and success of each community, we will secure our own future success.

“We hope to include as many people as we can in our celebrations.”

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