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Community banks hit city

COMMUNITY banking has hit Perth with a bang, with the first metropolitan offering opening in Bayswater on September 9.

While figures have not been released for its first week of operation, initial indications show it has been successful.

Bendigo Bank WA project manager community banking Simon Cornwell said the Bayswater bank’s first week was extremely busy.

“There were queues out the door and people were quite happy to stand in those queues,” Mr Cornwell said.

He said Bendigo Bank was dealing with 12 sites split between the suburbs and the country.

“We have two feasibility studies on the go – one at Gin Gin and one at Forrestfield,” Mr Cornwell said.

“Hamilton Hill is in the process of fundraising and has already raised half its target.”

The next suburban community bank should be in the Town of Vincent.

Vincent Mayor John Hyde said the council had set December 10 as the opening date for the bank.

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