A significant amount of work and public consultation has been undertaken in relation to the feasibility of establishing the Monbulk & District Community Bank® Branch of Bendigo Bank.
A group of interested community members was briefed by Bendigo Bank in August 2009 in relation to the proposal to establish Monbulk & District Community Bank® Branch‚ and a committee 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 in Monbulk. As a result‚ the committee engaged an independent consultant‚ AFS & Associates Pty Ltd 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 16 September 2010 and it was unanimously voted to proceed towards the establishment of the Monbulk & District Community Bank® Branch.
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.