I had the opportunity to attend the opening of the Daylesford Community Bank branch for the Bendigo Bank this week. The branch is owned and run by the community with the banking infrastructure supplied by the Bendigo Bank with a 50/50 profit share arrangement. Profits are then channeled back into the community through grants decided by the local owners or board to football clubs or other community enterprises. I was inspired by the huge community support and the stories told at the opening of how the town has struggled to get adequate banking services. Many years of hard work by dedicated locals has resulted in a bank that is owned by them and is one of almost 300 Bendigo community bank branches. It was inspiring for me as I work for this organisation.
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