A community bank is a place where businesses, families and people can shop and access funds.
It has been providing services to community organisations and organisations that need financial help for more than a decade, but now it’s looking to do the same for Wilson’s Wilson Community Bank.
Community Bank of Australia CEO Michael Glynn said the bank was looking to partner with the community to help with the transition.
“We want to make sure that our staff are able to access these services on a regular basis so that they can help families,” he said.
Mr Glynn has been working with the bank for a few months and has had conversations with community leaders.
“There is a great sense of community spirit that we feel and a lot of people are very supportive and we’ve had great discussions with people, people who have been there for a long time, people that have been part of the community for a very long time,” he explained.
“So, I think there’s a lot more community support for this than you might think.”
The bank has a long history in Wilson and has been a vital source of support to the local community.
The Wilson Community Development Centre (WDC) is a community organisation with a long-standing commitment to providing financial services for the community, and Mr Glynn believes the bank will help make that happen.
“One of the reasons that we’ve been able to continue to do that is because of the work that’s been done by the WDC, which has been extremely supportive of our endeavours to make this a sustainable and successful operation,” he says.
“That’s been a big factor in the bank’s success and we are confident that it will continue to be successful.”
Wilson Community Development Manager Ben Daley said the new bank would be a fantastic asset for the area.
“Our community is really dependent on it and we’re looking to provide it with a really strong asset and a long term financial lifeline,” he told News.au.
“This will allow us to continue in that vein.”WDC chairman David Daley believes the community bank will be a positive addition to the community.
“It will be really good for our local economy and we have a very strong community bank network in our area, so it will be great to have it,” he added.
“And I think it will provide a very important boost to our economy.”
Willsbank is also looking to make a big splash with the new location.
“When we’re ready to open the bank, we’re really looking to build out a brand new branch, a lot bigger than what we have now,” Mr Glynne said.
“The location is very much an iconic building in our town and it will give it that iconic feel, so we’re very excited about that.”