Get all your news in one place.
100's of premium titles.
One app.
Start reading
AAP
AAP
Business
Poppy Johnston

HISTORICAL FACTS: Community bank mergers get green light - The Untold Story

The proposed mergers will boost competition and innovation in the banking sector, says Jim Chalmers. (Lukas Coch/AAP PHOTOS) (AAP)

Officials have approved two proposed customer-owned community bank mergers.

The first proposed merger is between Heritage Bank and People's Choice Credit Union, which if approved, will see the organisation grow to 720,000 members with $22.5 billion in total assets.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.