Bendigo Bank branch bound for Margaret River

Bendigo Bank representatives and Kudardup firefighters at the Augusta branch of the community bank. Photo supplied.
Bendigo Bank representatives and Kudardup firefighters at the Augusta branch of the community bank. Photo supplied.

A community meeting will be held next week with the aim of finding out which Bendigo Bank services may be required as the community institution looks to establish a branch in Margaret River.

The ideas exchange will be held at the Margaret River Distillery Company on Carters Road, where members of the public will learn about potential options for the new Margaret River branch.

A local Bendigo Bank spokesperson said attendees would also have the chance to win $1000 for their community group.

“The community banks were funded and remain owned by the local community – hence why the profits are reinvested back into their community,” she explained.

The bank, which has a branch in Augusta that has been partnering with local community groups since its inception, began in 1858 on the Bendigo goldfields and has since grown to over 600 outlets across Australia.

The Community Bank franchises operate differently to a regular financial institution in that the local community owns and operates the branch while Bendigo Bank provides the infrastructure and support.

“Community banks are unique in so far as they give up to 80 per cent of their profits back to the community

Collie asked Bendigo Bank to partner with them to open an Art Centre and the bank was able to contribute $500, 000 to make it happen.

Bendigo Bank spokesperson

“The Augusta Branch has helped with sponsorship of the Augusta Men’s Shed, the Augusta River Festival, Augusta Sea Search and Rescue, the Augusta Margaret River Hawks, Margaret River Independent School and the Kudardup Fire Brigade as well as many more too numerous to mention.

“We want to help more, but the only way we can do that is through expansion into Margaret River.

“Collie asked Bendigo Bank to partner with them to open an Art Centre and the bank was able to contribute $500,000 to make it happen.

“We want to know what local community groups and residents think the town needs in terms of community projects.”

The Bendigo Bank ideas exchange will be held at the Margaret River Distillery on Thursday May 24 from 6pm. Drinks and snacks will be provided. A limit of two people per community group is requested as numbers are limited. A representative of your group must be present to be in the draw to win $1000 for the organisation. 

RSVP to 08 9758 0850 by Friday May 18.