Palerang Financial Services Ltd, operators of Braidwood and Bungendore Community Bank branches will issue the dividend payment to shareholders in early December.

Announcement of the dividend coincides with the Braidwood and Bungendore Community Bank branches achieving $147 million in banking business.

The branches have been a win-win for the entire community," said Chairman Noel Wisbey.

"Our community began reaping a social dividend on the day we opened our doors and the development fund has enabled us to extend that to provide tangible support for various community activities.

"Having achieved those goals, we are now able to reward those people who had the faith to invest in the enterprise.

"It is appropriate that we continue to recognise the fantastic support of our shareholders.

Mr Wisbey said that the Company first started trading in September 2002 with the opening of the Braidwood Community Bank Branch.

Four years later in July 2006 the Bungendore Community Bank Branch was established.

"Our business continues to grow and consequently, so do our profits.

"This is the second consecutive year a dividend has been paid.

"We are now looking at new business opportunities and additional community support initiatives to enable us to return a large part of our profits to our communities within our business catchment," he said.

Bendigo Bank's Retail Chief Dennis Bice, congratulated Palerang Financial Services Ltd on its achievements.

"Today's announcement embodies the spirit of the Community Bank concept. The profit distribution has placed community benefit first, with shareholder success following, Mr Bice said.

The Community Bank (model works in that order - a successful community creates a successful bank.