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The first of four steps before opening a Community Bank branch.
This is the opportunity for members of the community to indicate their support as a future shareholder and customer. Without enough community support, the branch will not go ahead. |
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Once they've pledged their support, community members will receive a feasibility survey which helps the local committee determine if there is enough banking business to open your Community Bank branch. |
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During the prospectus phase (usually three to four months), you'll formalise your support for your Community Bank branch by purchasing shares in your community company.
As a shareholder, you will help determine where branch profits are allocated. |
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Step four, the most important of all, will see the doors open on your local Community Bank branch.
Local residents and businesses commence an ongoing relationship with the branch. |