Who we are

How we started

On 24 April 1999, Maldon & District Community Bank Branch opened its doors to a whole new concept in banking services. A few years earlier, the last of the big banks left town to the detriment of the local economy. A local committee was established to address this important issue.

Working with Bendigo Bank Community Bank, local funds were raised to set up an office, employ staff and provide operating funds until the business became profitable.

Members of the community own the business and appoint a Board of Directors to oversee the management. Bendigo Bank Community Bank supplies and operates the banking systems. Income is shared and our profits are returned to the community in the form of grants and sponsorships.

Over the past 21 years our Community Bank has distributed $3.4 million dollars throughout our region to many groups, organisations and associations and providing employment and services across three townships. This banking concept has had an incredible impact on our community.

We all have to interact with a bank. We all have to pay interest, fees and charges. It makes sense to bank with a bank that thoroughly supports our community – our Maldon & District Community Bank Branch.

We Support an inclusive, fun and thriving community.

We are different because we:

  • Are locally owned and operated by the community for the community
  • Return profits to make their communities more vibrant and sustainable places to live
  • Are local business at its best, keeping money in local economies and employing local people
  • Offer the full range of competitive products and services

Community banking is one of the most effective and major ways to get things done in our community. Why? Community Banking is based on a ‘profit-with-purpose’ model, which means our profits are returned directly to the local community that generated them.

We call this ‘shared value’. This is the foundation of our Community Bank model. We are owned by members who are from our community or connected to our community in some way.

That’s where the money comes from and that’s how we’ve been able to put more than $3.4 million back into the community.

Traditional Owners

We acknowledge the traditional owners of this land, the Dja Dja Wurrung people, and we pay our respect to the elders past, present and emerging. The Dja Dja Wurrung people have been custodians of this land for many centuries, and have performed age old ceremonies of celebration, ritual and renewal. We acknowledge their living culture and their unique role in the life of this region.

We express our gratitude that we share this land together, our sorrow for some of the cost of that sharing, and our hope and belief that we can move to a place of equity, justice and partnership together.

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