A group of interested community members was briefed by Bendigo Bank in September 2000 in relation to the proposal to establish Clovelly Community Bank® Branch and a committee was formed to evaluate the proposal.
A preliminary public meeting was held to discuss the Community Bank® concept and the steps required to establish a Community Bank® branch of Bendigo Bank at Clovelly.
As a result‚ the committee engaged an independent consultant to conduct a feasibility study in relation to the proposal.
The results of the feasibility study were presented to the committee at a meeting held on 8 May 2001 and it was unanimously voted to proceed towards the establishment of Clovelly Community Bank® Branch.
The Clovelly branch was officially opened for business on 1 July 2002.