Regional Australia Bank – South West Slopes Credit Union
Regional Australia Bank Ltd (**Regional Australia Bank**) and South West Slopes Credit Union Ltd (trading as **SWSbank**) have lodged a regulatory submission with the Australian Prudential Regulation Authority (**APRA**) for SWSbank to undertake a Total Transfer of Business of all assets and liabilities to Regional Australia Bank. Upon completion of the Transfer of Business, SWSbank members and customers will be migrated to Regional Australia Bank. All of the assets, liabilities and members of SWSbank will transfer to Regional Australia Bank (the **Acquisition**). Regional Australia Bank is a customer owned banking institution and has been providing a full range of banking services to its members across regional Australia for over 55 years. Operating in regional NSW, and with administrative offices located across Armidale, Port Macquarie and Lismore, Regional Australia Bank has over 120,000 members, assets of $5.03 billion and is serviced by 49 branches and offices throughout New South Wales and southern Queensland and around 480 employees. SWSbank is a customer owned banking institution and has been providing a full range of banking services to its members across the Riverina regions of NSW since its inception in 1972. SWSbank operates 4 branches and 1 agency across its regions with the head office located in Young (NSW). SWSbank employs around 40 staff and has over 14,000 members and $323 million in assets. Regional Australia Bank and SWSbank provide retail loan and deposit banking services, including, personal, home and business loans, transaction accounts, savings accounts and term deposits to members and customers across regional Australia.
- Status
- Assessment completed
- ACCC determination
- Approved
- Stage
- Waiver application
- Notified
- 26 May 2026
- Determination published
- 10 June 2026
Acquirers
- REGIONAL AUSTRALIA BANK LTD
Targets
- SOUTH WEST SLOPES CREDIT UNION LTD