Community bank push for Yamba
THE mercury is rising on dollars pledged to pave the way for a Bendigo Bank branch in Yamba.
A total of $115,000 has been pledged so far by a cross-section of the community, with the goal set at $200,000 for a feasibility study to take place.
Chairman of the Yamba Bendigo Bank steering committee, Bob Thompson, said if established, half the profits from the bank would be returned to the community and that it would be a full service branch and not a ‘hole in the wall’.
“If in two years after establishment the bank is generating significant profit, we could see a medical centre up and running,” Mr Thompson said of the Treelands drive site next to the Yamba Ambulance Station.
Members of the steering committee will be at Yamba Fair Shopping Centre on Friday mornings, from February 5, handing out information about the Bendigo Bank, and pledge-of-support forms that are not legally binding and don’t require money up-front.
The steering committee believes that a community bank in Yamba would keep local money and local jobs in the town, and provide a continuous income stream for community projects and initiatives.