Community Bank soon

By NATALIE SMITH

THE first branch of Emu Park's Community Bank is expected to be opened this year.

Emu Park and District Financial Services company secretary Jeff Porter said a potential site for the first branch of the Emu Park Community Bank had been identified.

"We are looking at a site in Pattison Street,'' he said.

"At this point in time we are hoping to be open by September.

"However it depends on the community putting its money where its bank is.''

Next month the Emu Park Community Bank prospectus will be launched with shares in the bank to be opened to the public following the prospectus launch.

Community Bank chairman Bob Hodgson said the focus would be on selling $600,000 worth of $1 share holdings to local residents, traders and business people.

"This is an historic time for our community and one which I am sure we will never forget,'' he said.

"It's not very often that we get the chance to purchase shares in a community company which is going to directly benefit our community.

"Our aim is to have more than 300 locally based shareholders having ownership in our company to ensure this is a truly community spirited company and venture.''

The prospectus will be launched on Wednesday, June 8, with a sausage sizzle at the Emu Park Surf Lifesaving Club from 5pm.



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