Bank Merger given green light by members

25th Nov 2025

Regional Australia Bank and Summerland Bank will proceed with a merger after members approved the move at their Annual General Meetings last week.
Summerland’s members met on November 19th with more than 96 per cent of the members voting in favour of the merger, whilst the Regional Australia Bank members voted on November 20th with also more than 96 per cent approving the move.
The merger will officially take effect from July 1st, 2026. Once merged, the combined entity will manage assets of over $5 billion and service over 130,000 members with 49 locations across a large area of regional NSW and southern Queensland.
As part of the proposed merger, both banks reaffirmed that there will be no branch closures, no staff losses and accounts, services, and support will continue as usual.
Speaking following the outcome of the vote, Regional Australia Bank CEO, David Heine said they were thrilled that members have embraced this merger.
“Today’s vote reinforces our commitment to regional Australia by growing our ability to serve more towns and communities throughout regional NSW and into Queensland,” Mr Heine said.
Summerland Bank CEO, John Williams said that Summerland Bank and Regional Australia Bank share the vision and values as a community-focussed customer-owned bank.
“By approving the merger our members will enjoy more branches, greater support for local communities, a wider range of products and better services,” he said.
“Resilience will be supported through shared infrastructure, broader geographic reach, and increased financial capacity, allowing us to continue delivering personalised service while adapting to changing market conditions.”

Going strong for 100 years

Phone	(02) 6779 2347
Email	Contact Us
Social

Bank Merger given green light by members

Menu

News

Contact