City West Community Financial Services & its Bendigo Bank
City West Community Financial Services (CWCFS) was formed in 2007 to enable an offer of a franchise agreement to operate a Bendigo Bank branch in Pyrmont.
A prospectus was issued and $950,000 of shares capital was raised to establish and operate Pyrmont Community Bank in Union Square, Harris Street, Pyrmont. The branch was opened for business on 9th December 2009.
The name of the company was specifically chosen so as not to limit geographically the operating precinct. It was always the intention of the Board of Directors to expand the operation of the company to the Ultimo, Darling Harbour and Haymarket areas.
The Company has twelve Directors, all of whom have a close affinity to the Pyrmont/Ultimo areas. The Directors are all volunteers and thus receive no
remuneration for the work they perform for The Pyrmont Community Bank.