- Relocation allows Rural Finance Corporation to expand operations in Leongatha
- Larger range of service now available from Smith Street premise
- Move follows Victorian Coalition Government’s successful sale of RFC to Bendigo Bank
South Gippsland residents will have access to the concessional loans, flood and drought relief finance and agri-loans through Rural Finance Corporation’s new shopfront at 1/18 Smith Street, Leongatha from today.
Speaking at the new office, Deputy Premier and Member for Gippsland South Peter Ryan said RFC Leongatha had moved from 2/9 Peart Street into new premises at 1/18 Smith Street as it has expanded its operations to cater for South Gippsland’s growing agribusinesses sector.
Mr Ryan said the move followed the Victorian Coalition Government’s successful sale of RFC to Bendigo Bank.
“RFC has been an outstanding government-owned agribusiness lender, and it will continue to offer all the same products and more now that it is owned by Bendigo Bank,” Mr Ryan said.
“As part of the sale agreement, a separate RFC branch will remain in Leongatha.
“RFC customers will keep their existing products and services and also be able to access the broader banking service of one of the country’s most respected, community-based banks – Bendigo Bank.
“The Young Farmers Finance Scheme, Natural Disaster Relief and Recovery Arrangement programs will all be maintained.”
Mr Ryan said that while Leongatha, with its strong history in agriculture and dairy farming, already has its own RFC outlet, this is one of just 11 RFC outlets around the state. The sale of RFC to Bendigo Bank expands RFC’s reach into 276 Bendigo Bank outlets.
“The change of ownership will not impact the three RFC employees,” Mr Ryan said.
“Our sale agreement stated RFC employees would be offered their jobs on equal or better conditions. Looking after local people, be they RFC employees or farmers with loans, was always a non-negotiable part of this sale for us.
“The people of Leongatha and the wider region can access all the same RFC services at 1/18 Smith Street.”
Media contact: Steph Nicholls 0437 108 870