Babinda Community Bank® Story

The Babinda Community Bank® was opened in June 2006.

Just under $600 000 was raised n 10 days from 350 Babinda and district residents to fund the public company float used to establish this business. This was remarkable as it was one month after Cyclone Larry had devastated the community in late March..

The Babinda branch was born of the need to return full banking services to the town. Currently 98.6% of our shareholders are customers. This is the highest percentage of any Community Bank® in Australia. It’s through our customers and share holders that we are able to make such a difference and we thank them all.

The Babinda Community Bank® has footings of just under $85m and provides full banking services including business loans, insurance, financial planning and rural banking.

Shareholders have been rewarded with 7 dividends, totally 36 cents, to date. Last year a 8 cent, fully franked dividend was paid.

Babinda Community Bank® is managed under the guidance of community Directors, are all of whom are unpaid volunteers.

$730,000 in funds generated by the Babinda Community Bank® has been invested in our local community as sponsorships and community investments.

Babinda Community Bank® Branch

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