In March 2000‚ a working committee was formed to establish the viability of and gauge the public acceptance to the establishment of a Community Bank® in the Biggera Waters area.
This was the first move into Queensland by Bendigo Bank and the relatively new concept of Community Banking. After all‚ the Community Banking concept was originally designed for small rural communities who had lost their banking institutions - not suburban shopping centres where competition was strong.
We were fortunate to have the support of the local media‚ who gave us great coverage during our campaign and despite hitting many brick walls; we were able to prove to Bendigo Bank that we had a viable business plan and most importantly‚ the full support of the public.
A prospectus was issued and in excess of $440‚000 was raised. It must be pointed out that should we not have raised this capital‚ the Bank would not have opened. This would also have meant that those people who provided funding of approximately $15‚000 to cover feasibility costs etc. would have lost their money. Our thanks go to these backers for their confidence in the project.
Work began on the premises and a Manager and staff were appointed.
The Branch was officially opened on 5 November 2001 by Peta-Kaye Croft‚ our hard working and supportive local MP‚ and trading commenced on 8 November 2001.
Helensvale Sub Branch Community Bank® Branch
Helensvale Sub Branch Celebrates Opening
The grey clouds and threat of rain couldn't put a dampener on the much anticipated opening of the Helensvale sub branch on the morning of 29th September‚ 2011. Community leaders‚ residents of Helensvale‚ directors and staff attended the event which was celebrated with loads of free entertainment for the young and mature members of the community including jumping castle‚ AFL clinic‚ sausage sizzle‚ giveaways bags‚ jazz band and celebratory cake.
Robert Knight‚ Chairman of Broadwater Financial Services Limited‚ the company that opened the sub branch and owns the successful Biggera Waters Community Bank® Branch said‚ "I am pleased that today banking returns to Helensvale with the opening of the branch and I know that with the support of the Helensvale community‚ the branch will no doubt be a resounding success."
The branch was opened by Michael Crandon MP State Member for Coomera‚ Noel Jessop Bendigo & Adelaide Bank State Manager QLD and Robert Knight with around 100 people in attendance.
Helensvale branch will continue with the community bank philosophy of returning a portion of its profits back to the community by way of providing sponsorships to local community organizations. And the branch is already off to a good start with the presentation of a $1‚000 sponsorship cheque to Helensvale Calisthenics on the day. Helensvale Calisthenics President Sarah Chalmers said‚ "This generous sponsorship from the bank will help with the development of our students to enable them to compete in future competitions Australia wide. We are very grateful for their support."
Our depositors are protected under the Australian Government’s Financial Claims Scheme (FCS) which provides protection and quick access to deposits made with a bank, building society or credit union in the unlikely event that one of these institutions fails. Find out more here.