Peter Townsend will head the Bundaberg branch of Rabobank when it opens in Bundaberg in the new year.
Peter Townsend will head the Bundaberg branch of Rabobank when it opens in Bundaberg in the new year.

Rabobank branches out to the city

WITH a background in cattle and cane, Peter Townsend knows all about the trials and tribulations of being a farmer.

The Rabobank branch manager was born in Innisfail and spent his younger years in rural Queensland, before going to school in Brisbane.

Mr Townsend switched from working for another bank and started his career with Rabobank five years ago.

“This will be the first time we’ve got any permanent presence in the region, and we see it’s a high time we had a representation in the area,” he said.

Rabobank lends to agricultural producers and will open its doors in Bundaberg early next year.

Mr Townsend said because the bank is run as a co-operative — with no shareholders — managers are able to focus on their clients and staff.

“The co-operative philosophy is part of the philosophy of the bank,” he said.

Mr Townsend has lived in Hervey Bay, Maryborough and Mundubbera, and said he was excited to be moving to the city with his wife.

“And we’re looking forward to becoming part of the community,” Mr Townsend said.

What is Rabobank?

Rabobank Australia is one of the country’s rural lenders and provides business and corporate banking and financial services to the Australian food and agribusiness sector.



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