Grafton milestone banked
THE South Grafton Community Bank has provided more than $160,000 worth of support to local community groups, but that is only the start of its contribution to the community, branch chairman Peter James said.
Mr James said the number didn't reflect the additional contributions from its community partners – local businesses, volunteers, not-for-profit organisations and local, state and federal government – to help deliver these projects.
“We genuinely believe that by working together in partnership with other stakeholders – including government – so much more can be achieved to help build the local economies in communities throughout Australia,” Mr James said.
The bank recently reached an important milestone when the Community Bank network returned $50 million to support local community groups and projects across the country.
Members of Bendigo and Adelaide Bank's board and executives, and representatives of the Community Bank network met Prime Minister Julia Gillard and other members of Federal Parliament to launch the bank's In the Community report at Parliament House in Canberra late last month.
Bendigo and Adelaide Bank managing director Mike Hirst said the report highlighted the bank's involvement in investing in the sustainability of Australian communities through its Community Bank model and other ‘beyond banking' initiatives.
“At Bendigo and Adelaide Bank we are committed to working with our local communities to deliver employment opportunities for local people, retain capital locally, and provide a source of revenue for projects initiated by local communities,” Mr Hirst said.
“If we can help create vibrant local communities, generate strong support for community business and foster strong, long-lasting partnerships, we will grow our own business and promote a highly effective local and national economy.
“We believe a bank's role is to feed into prosperity, not off it, and our bank achieves this through a number of unique business models and social initiatives, that help to underscore what can be achieved through strong partnership between business, community and government – be it in rural, regional or suburban localities.”
To find out more about the bank’s involvement in the community go to www.bendigobank.com.au.