At a time when the big banks can feel out of touch with the communities they serve, the proposed merger between Summerland Bank and Regional Australia Bank offers a refreshing alternative — one built on mutual ownership, ethical practices, and a deep commitment to invest in the future of regional banking.
This merger would ensure the bank remains 100% customer-owned, with no external shareholders and no compromise on values. It’s a model that puts people before profit and prioritises long-term wellbeing over short-term gain. The combined organisation will be better equipped to meet the challenges of an increasingly competitive and regulated environment.
For locals across the Northern Rivers, this isn’t just a banking update. It’s an opportunity to strengthen financial services that reflect the values of people and community.
If you vote in favour of the proposed merger, you’ll see exciting benefits from day one — with the way you bank and our core commitments staying the same.
What stays the same:
- Staying customer-owned: We remain a customer-owned regional bank for the community.
- Keeping it local: Same branches, same friendly team, with more opportunities for you. All branches will remain open, and our contact centres will stay 100% Australian-operated.
- Commitment to people and community: We’ll continue our commitment to ethical banking and maintaining our B Corp certification.
- Everyday banking: No changes to your accounts, cards, internet banking, mobile app, or our contact centre.
- Interest rates: Your savings, term deposits, and loan rates remain unchanged.
What will change:
- More branch access: Enjoy a combined network of 49 branches across regional NSW and beyond.
- Expanded products and services: Access a wider range of banking options with the support of over 400 team members.
- Greater lending options: Benefit from more lenders and broker partnerships to suit your needs.
- Stronger community support: Increased resources for local initiatives, sponsorships, and sustainability programs.
Stay with us, the best is yet to come.
Your vote helps shape the future of banking in regional Australia. For more information, go here.
