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Auswide Bank and MyState Bank complete merger

Summary by Retail Banker International

Australian regional banking groups Auswide Bank and MyState Bank have concluded the A$755m ($480.4m) merger with Auswide becoming an indirect wholly owned subsidiary of MyState. MyState and Auswide are based in Tasmania and Queensland, respectively. Under the agreement, MyState Bank, a wholly owned subsidiary of MyState Limited, has acquired full ownership of Auswide Bank’s fully paid ordinary shares. Shareholders of Auswide Bank received 1.112 …

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Retail Banker International

Auswide Bank and MyState Bank complete merger

Australian regional banking groups Auswide Bank and MyState Bank have concluded the A$755m ($480.4m) merger with Auswide becoming an indirect wholly owned subsidiary of MyState. MyState and Auswide are based in Tasmania and Queensland, respectively. Under the agreement, MyState Bank, a wholly owned subsidiary of MyState Limited, has acquired full ownership of Auswide Bank’s fully paid ordinary shares. Shareholders of Auswide Bank received 1.112 …

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Retail Banker International broke the news in 1 day ago on Friday, February 21, 2025.

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