PORT Fairy is edging closer to getting a community bank, with more than $40 million in prospective business on the books.
Organisers believe it is a national record to have so much committed for a proposed community bank.
The support includes $500,000 in pledge money which has been converted into shareholder dollars.
Community bank committee member Nicole Dwyer is confident the $750,000 target will be hit.
“We are achieving our targets strongly and have already reached more than $40m business on the books for the Port Fairy and District Community Bank, before we’ve even opened our doors,” she said.
“Not only is this a great achievement which reflects support the bank has already received from those who have transferred their banking, but it is a record among all community banks across Australia.
“We are asking for all pledgemakers to return their application forms for shares, or alternatively any new investors can still purchase shares in our bank.
“This is the only chance for the Port Fairy community to have their own community bank branch and that opportunity should not be wasted.
“Our aim is to open later this year or early 2014.”
Ms Dwyer said jobs for a branch manager and staff would be advertised soon.
The branch will be part of a new five-shop and apartment complex on the corner of Bank and Barclay streets
It will be part of the network of 296 community banks supported by Bendigo Bank.