Community banks list in Bendigo

Two of Bendigo Bank's 84 branches have listed on the Internet-based Bendigo Stock Exchange. Two thousand shares in the Lang Lang/Pearcedale franchise traded at $1.10, while a $1.00 offer for Doncaster East shares was not accepted.

Bendigo Bank said all of the 84 community bank franchises are expected to list of the Bendigo Exchange but the exchange's MD said there are restrictions on share purchases, as the majority of each company's shares must be held within each bank's community. Even so, the listing gives shareholders a method by which they can realise the true value of their holdings, particularly if they move away from the community in which the bank operates.