Bank Committee Meeting
The Bank Committee meets in the old NAB branch Nightcliff. |
At last it's here! After a successful feasability study was conducted, the paperwork has been done and opening day draws near.
Read more about the new Nightcliff Bank here.... Click here to read local people say why they need a bank in Nightcliff
Breaking News 30th August 2007 Formal Feasability Study StartsGavan Keane, chairman of the Nightcliff Community Bank® Steering Committee, announced the appointment of chartered accountants AFS and Associates as consultants for the forthcoming feasability study.
“I am really delighted with this appointment,” Gavan said.“AFS helped with the highly successful launch of the Coolalinga Community Bank®, and have been consultants to about 150 other Community Banks®." Survey and Interviews BeginAs part of the feasablity study, survey forms will be delivered by mail to residents of the area this week. Please support your community bank by returning the surveys ASAP Additional surveys can be obtained from the following businesses;
The Good Luck Shop
32 progress Drive, Nightcliff, Ph 8985 5926
Trevor Tschirpig Conveyancing
1/13 Travers Street, Coconut Grove, Ph 8948 4600 To print your own survey copy
Click here for Personal Survey
Click here for Business Survey Completed surveys can be returned to locked boxes at the above businesses or mailed to; - Confidential - Nightcliff Feasibility Study
- AFS & Associates Pty Ltd
- Reply Paid 454
- BENDIGO VIC 3552
Please support your community bank by returning the surveys ASAP |
Nightcliff bank committee gathers to establish a local bank.
Since the closure of the NAB in Nightcliff and the ANZ in Rapid Creek, this area has been without a bank. This group has established a committee with the aim of establishing a bank in the local community, owned by members of the local community to benefit the local community through profit sharing with local community organisations.
This model of community banking has been successfully established in many places in Australia, both in the suburbs of the capital cities and in smaller country towns where the withdrawal of the "big Banks" has been disastrous for the local community.
At this stage the bank committee needs to gather support from the community to prove that a bank would be viable in the Nightcliff area. Click here to say why you think Nightcliff needs a community bank.
Community banking benefits the local community. |
Phase One nearly complete June 2007 |
The road ahead | The proposed Nightcliff Community Bank® has just about taken its first step.
As the graph above shows, the Bank has almost reached its targets of 350 shareholders, and $700 000 in pledged shares.
The Steering Committee expects to reach these targets within the next week or two, and is actively preparing for Phase Two: the Feasibility Study.
During Phase Two, a firm of independent consultants will be appointed to talk to local residents, and to make sure that the bank really has enough support to be able to succeed.
It is hoped that this Feasibility Study will be completed within the next month or two.
| Assuming Phase Two gives the green light to the project, a formal business plan will then be prepared, detailing exactly where and how the bank is to be set up,and what profits can be expected.
Next, a formal Prospectus is prepared, which goes to the Australian Securities and Investments Commission (ASIC) for approval.
Once approved, the Prospectus is circulated, and pledgees are invited to buy shares.
Finally, once enough shares have been sold, the share issue is closed, and the Nightcliff Community Bank® is launched.
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Raising awarenes with a sausage sizzle |
Local residents who would like more information
are invited to contact; - Lamaan on 8948 1274.
- Gavan Keane on 0431 550 710
or 8985 3095 - Chris Draffin on 0418 833 881
- John Barry on 0411 421 151
- Des Fong on 9885 5977
Do we need a community bank in Nightcliff?
Tell us why you think a community bank is needed in Nightcliff
Read more reasons for a Nightcliff Bank
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Nightcliff community needs local bank service.
Nightcliff community is no different from any other - it simply needs a convenient banking service.
I guess that is stating the obvious, the reason ...
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I think that having a bank in the Nightcliff local area is important for local businesses. It brings people into the area for their banking, who may then ...
local banking
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At present, I have to do all my banking in either Darwin CBD or Casuarina. Since I don't have a car, this turns even the smallest of banking chores into ...
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