The Mooroolbark Community Bank® Branch story started back in the year 2000 when a group of local people sought out banking services option for the Mooroolbark community after the closure of several other banks in the township. On 20 July 2000 local community members were briefed by Bendigo Bank in relation to the proposal to establish Mooroolbark Community Bank® Branch.
The story unfolded from this point with a Steering Committee formed, a feasibility study carried out and capitol raised by selling shares in the new venture - in the main to local Mooroolbark residents.
Mooroolbark Community Bank® Branch was officially opened on the 23rd May 2002 by the late Mr Peter Brock. Around this period of time the Steering Committee then moved to become the Bank's Board of Directors now managing the governance requirements of operating a local public company.
Since opening the doors for business the branch has gone from strength to strength with steady growth through each year of operation. With the original aim to provide another banking option for the local Mooroolbark residents being complete, the Board's aim moved to enhance it's own financial position and to become a major supporter to local not for profit organisations.
Now the branch has been open to business for 14 years it has become financially well established and it's community contributions are making a significant impact in the local Mooroolbark area. To read more about the generous contributions we have made to the local community, please visit our sponsorships & grants page.
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.