Once your feasibility study results have been collated, your committee's business plan completed and agreement with Bendigo Bank that your community has all of the elements required to successfully open a branch, your committee will form a public company limited by shares. This is a lengthy process, which includes signing of Bendigo Bank's franchise agreement and the launch of a legal prospectus.
This is where those people who pledged their support, and other supporters, are vital. Individuals will be asked to purchase shares (issued at $1 per share) in this public company. Shareholders should be local and have an intention to bank with their branch once it has opened.
Hundreds of shareholders are required not only to meet the minimum share subscription, but to provide a strong potential customer base for your branch.