Bendigo Bank – Ringwood East
A group of interested community members was briefed by Bendigo Bank on 6 March 2002 in relation to the proposal to establish Ringwood East Community Bank® Branch and a committee was formed to evaluate the proposal.
Two preliminary public meetings were held on 2 and 3 July 2002 to discuss the Community Bank®concept and the steps required to establish a Community Bank® Branch of Bendigo Bank at Ringwood East. As a result‚ the committee engaged an independent consultant 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 14 October 2002 and it was unanimously voted to proceed towards the establishment of the Ringwood EastCommunity Bank® Branch.
The community raised more than $560‚000 in the share offer.
Ringwood East Community Bank® Branch was officially launched to the public on Friday‚ 20 June 2003.