Community Bank Maldon & District (MDFSL)

About Community Bank Maldon & District (MDFSL)

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. Since 1999 our Community Bank has distributed more than $3.6 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.

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