Regional Australia Bank and Summerland Bank Merger Members Updates

We are pleased to share with you the details of a proposed merger between Regional Australia Bank and Summerland Bank—two financially strong, purpose-driven, customer-owned banks that are committed to creating better outcomes for our members and regional communities.

This merger is not being driven by necessity, but by opportunity. With the support of both Boards and following a thorough due diligence process, we believe this is a positive, future-focused step for both organisations—and most importantly, for you, our members.

Both banks have a proud history of service, local knowledge, and community investment. We share common values of mutuality, sustainability, and regional empowerment. Through this merger, we aim to combine our strengths to deliver more for you—more services, more innovation, more regional impact—while continuing to stay true to our member-first ethos.

This scale allows us to do more of what matters, a combined outcome would look like:

• Maintain and grow a network of 49 branches – with no closures planned.

• Retain over 450 regional staff – with no job losses.

• Invest more in digital banking, security, and innovation.

• Improve pricing competitiveness and product range.

• Strengthen our investment in local communities.