Video News Story:
Earlier this year members of both Holiday Coast Credit Union and Regional Australia Bank voted overwhelmingly in favour of a merger.
The merger of these two entities is one of the largest in the customer owned banking sector in recent times.
Whilst both Holiday Coast and Regional Australia Bank have been performing well in their respective adjoining markets, this merger will deliver tangible and immediate financial and non-financial benefits to the merged entity's 85,000+ members, creating a strong and sustainable mutual financial institution in regional Australia.
The merger of these two excellent customer owned banking institutions took legal effect on July 1, 2019 with systems migration to follow in the next few months.
Mr Kevin Dupe, CEO Regional Australia Bank takes time out to discuss the progress of the merger and what happens next.
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