Community force behind new bank at Calliope

By KRYSTEN BOOTHbooth@gladstoneobserver.com.au

WHETHER or not Calliope is to get a new bank will most likely be up to the community, according to Peter Masters.

Mr Masters is part of a committee investigating the possibility of Bendigo Bank setting up a com- munity branch in the town.

Bendigo Bank has 143 community banks set up throughout the country, designed to help communities not properly serviced by other banks.

Mr Masters said the advantage of Bendigo Bank setting up would extend far beyond the convenience of a local branch.

'From a community point of view we don't have to change any of our banking habits, but some of the profits go back into the community,' Mr Masters said.

'That's the driving factor.

'There are also some older people who still aren't comfortable with plastic or internet banking.'

Bendigo Bank spokesperson Emma McKenzie said 50 per cent of profits from the community bank would be injected back into the community.

Ms McKenzie said while Bendigo was interested in the possibility of a bank in Calliope, planning was at a very early stage.

She said planning could take between 12 and 18 months. Mr Masters said the project would need to be community driven.

'People are very interested in finding out more information,' he said.



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