We are your Community Bank owned and operated by Maldon & District Financial Services Ltd (MDFSL), a locally owned company established by locals in 1999 when the big banks left town.
Our partner Bendigo Bank provides our banking services at our main branch in Maldon and our Customer Service Centres in Newstead and Dunolly.
A board of volunteers oversee the company. Our mission is to do great things in our communities by:
- Providing local jobs by employing staff who live in our communities
- Investing our profits back into our communities by offering partnerships and grants with funding for local community groups, clubs and organisations
- Giving a voice to our region and encouraging other funders to co-support projects in our communities
Keeping our profits local starts with you. Help us to support the community that supports us, ask our friendly staff to help you become part of your Community Bank today.
Our Aims
We love doing great stuff with our community, by providing excellent banking and financial services and building stronger communities.
We have contributed over $3 million back to our communities through our sponsorship and grants programs, supporting over 175 different clubs, groups, events and organisations in our region.
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 20 years our Community Bank has distributed $3 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.