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.

  
  

  
  

  
  

Regional Australia Bank will hold its AGM is on the 20th November, where you can hear more about the benefits of the merger and vote. Each member will receive AGM documentation closer to the vote.

How to vote:

Eligible members can vote on the proposed merger in one of the following ways:

•    By completing and submitting a Proxy Form. Proxy forms will be available on our website, in branches and by post as required. Proxy Forms must be lodged at least 48 hours before the AGM begins.

•    In person by attending the Annual General Meeting (AGM)  on 20 November where you can hear more about the benefits of the merger and vote

•    By appointing someone else to vote on your behalf, either as:

•    an attorney, using a valid power of attorney, or

•    a corporate representative (for company members), with proper written authorisation.

Each eligible member can only vote once. Full details on how to vote, including how to appoint a proxy are in the Notice of Annual General Meeting and Proxy Form that will be provided to each member.

As we move forward with the merger, your voice matter more than ever. Whether you have questions, concerns, or simply want to share your thoughts, this is your space to be heard.

Please take a moment to fill out the form below. Your feedback will help shape how we support our members through this transition.