SWSbank and Regional Australia Bank are pleased to announce a shared intent to merge and have commenced a due diligence process to explore the feasibility and benefits of a merger.
A successful merger will unite two highly successful member-owned banks and enable the delivery of enhanced services, build stronger regional communities, and ensure members continue to have access to local and personalised banking.
What this means for you:
In combining two long-standing successful member-owned banking models, our members can expect:
More branches: All SWSbank branches will remain open with local staff. Further, our members will have access to a network of over 50 branches across regional and rural NSW as well as Bank@Post services.
More choices: a wider selection of products, including agricultural and commercial loans and accounts.
Regional focus: two strong entities with aligned values means a continued focus on banking for regional and rural Australians while continuing our support of the communities we serve.
More scope for innovation: A focus on innovation and digital convenience, providing improved services and access for members.
Where to from here?
For now, it’s business as usual. Both SWSbank and Regional Australia Bank will continue to operate under their current names, brands and from existing locations. We remain proudly member-owned, locally operated, and focused on delivering what matters most to you – personalised service, outstanding products, and innovative digital banking.
If you have any questions, our friendly, local team is here to help. Feel free to reach out to us at enquiries@swsbank.com.au or call us on 02 6384 1111.
All media enquiries should be directed to the SWSbank CEO, Andrew Jones.
