What is Community Banking?

Heritage community banking is a winning solution for local communities who want access to full banking services in their towns and suburbs. Heritage community branches build additional business infrastructure and delivers downstream economic development spin-offs including local job creation and the distribution of branch profits into the community.

Community investment and involvement in setting up Heritage community branches can ensure higher growth and quicker viability than traditional branches.

Community branches provide full banking services, including business banking, plus:

  • Long-term commitment to the local community
  • Local employment opportunities
  • Branch managers and staff who live in and are involved in the community
  • Opportunities to attract further business to the community
  • Potential for substantial funding for community organisations, charities and projects through distribution of profits in the form of grants

If you have any questions or would like to find out more about the Heritage community banking model, please contact us.

* Based on a $150,000 loan over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.