After 20 months of hard work from the volunteer Steering Committee and Board it was time to celebrate at the public launch of the prospectus on the 30th June 2010. 

To view and save a copy of the Goolwa & District Community Bank Prospectus click on the icon.

 Goolwa & District Community Bank Prospectus

Following encouraging results from the recent feasibility study, the Goolwa community looks set to celebrate the opening of its Community Bank® branch in the very near future. Steering Committee Chair, Carol Gaston said with more than 250 local people confirming over $800,000 in pledges of support, the committee had the confidence to take the next step with Bendigo Bank. All going to plan, we hope to launch our public share offer in late August.

For further information about this exciting development in your Community Bank® please click here.

Thousands of survey forms calling on your support for a Community Bank® branch in Goolwa & District will start to arrive in letter boxes from Monday 18 January. After raising more than $700,000 in pledges of support, the Goolwa & District Community Bank® Steering Committee has embarked on the next stage of its campaign, a feasibility study.
 
This survey will provide us with the answers that we require to make a decision to proceed to a public share offer – it is a very important aspect of our campaign. We can’t stress how important it is for as many people as possible to indicate what level of banking business they would be prepared to bring to a new bank branch.

When you receive the survey please take the few minutes required to fill it out and post back in the supplied prepaid envelope. To find out more click here.
 

Bendigo and Adelaide Bank has just opened its 250th Community Bank®, with the launch of the Pyrmont Community Bank®Branch in Sydney this week.

Celebrating the milestone, the bank’s Executive, Customer and Community Russell Jenkins, said the Community Bank®initiative has far exceeded all expectations with Community Bank®branches accounting for one in every four new bank branches opened in Australia.

To read more about this click here

Confidence is high as the Goolwa & District Community Bank confirms Director appointments to its future Board. Three of the confirmed Directors recently attended an induction programme for start-up Community Banks held in Bendigo by the Bendigo & Adelaide Bank. David Benda, Alistair Angus and Carol Gaston completed the 2 day programme which included a day conducted by the Australian Institute of Company Directors.

Experienced Directors of established Community Banks shared their learnings. The location of the Bank, the relationship between the Board and the Branch Manager, and getting those first sponsorships out to our schools and clubs early on were all important lessons.

Members of the Steering Commitee have been busy over the last month approaching businesses in the Goolwa district looking for pledges of support for the community bank and have been met with a positive response. 

With pledges now reaching $563K it was agreed at the last Steering Committee meeting to proceed to the Feasibility Stage and to begin the tender process of engaging a consultant to complete the Business Case on our behalf.