FOR IMMEDIATE RELEASE
Thursday, 29 January 2026
Regional Australia Bank and SWSbank announce intent to merge, creating stronger services for regional communities.
Regional Australia Bank and SWSbank are excited to announce that they have signed a Memorandum of Understanding (MOU) to explore a potential merger, bringing together two customer-owned banks with a shared commitment to supporting regional Australians. The proposed merger is subject to due diligence and regulatory approvals.
The proposed merger aims to combine the strengths of both banks to deliver more choice, greater access to services, and stronger support for local communities, all while maintaining the personalised, face-to-face banking experience members value.
SWSbank CEO, Andrew Jones, said:
"Our members and communities have always been at the heart of everything we do. By exploring a partnership with Regional Australia Bank, we see an opportunity to bring even more benefits to the people we serve. From enhanced services to stronger local support. Together, we can ensure our communities continue to thrive while keeping the personal connection our members rely on."
Regional Australia Bank CEO, David Heine, added:
"We’re thrilled to begin this journey with SWSbank. Both organisations share the same purpose: to support regional Australians, keep branches open, and invest in a sustainable future. By joining forces, we can deliver even greater value for our members, our people, and the communities we proudly serve."
If the merger proceeds, the combined organisation would:
• Manage approximately $5.5 billion in assets
• Serve over 140,000 members
• Maintain and grow local branches and face-to-face services
• Continue investing in digital banking, security, and innovation
The merger also complements Regional Australia Bank’s ongoing expansion, including its merger process with Summerland Bank, further strengthening its presence and impact across regional Australia with over 50 branches staffed by local regional Australians.
Both banks emphasise that this proposed merger is about more than scale, it is about strengthening communities, empowering members, and preserving the heritage and values of both organisations. The merged entity would initially operate under both brands, with future branding decisions made in consultation with members.
About SWSbank
Founded over 50 years ago, SWSbank is a customer-owned mutual bank serving the South West Slopes of New South Wales, with branches in Young, West Wyalong, Temora, and Cootamundra. The bank is known for its community engagement, local decision-making, and personalised service.
About Regional Australia Bank
Regional Australia Bank is a customer-owned mutual bank serving regional New South Wales, focused on providing personalised banking, keeping branches local, and reinvesting in communities. Founded over 50 years ago, it offers a full range of financial services while prioritising member value and regional prosperity.
Media contact:
media@regionalaustraliabank.com.au
