Summerland Bank and Regional Australia Bank are pleased to announce our shared intent to merge and are now moving towards undergoing due diligence to investigate the merger’s feasibility and benefits.
Our combined long-standing customer owned model would expand market share and presence across Australia’s regional populations and unify our common goal to build strong communities through a member owned banking model.
Following a milestone year in Summerland Bank’s 60-year history, including our transition from a credit union to a customer owned bank, a rebrand, the rebuilding of our Lismore head office and flagship branch after the 2022 floods, obtaining B Corporation Certification, and two years of significant loan growth and record profits, an intent to merge with an equally community-focused bank is the next step to preserve and accelerate our purpose to offer a braver kind of bank.
To read more visit our website page.
