MyState Ltd
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MyState completes $755m merger with Auswide, creating regional banking powerhouse
Tasmania’s biggest bank, MyState (ASX: MYS), has officially completed its $755 million merger with Queensland’s Auswide Bank, creating a stronger and larger financial services institution for around 272,000 regional customers. The merged group will operate under four brands — MyState Bank, Auswide Bank, SelfCo and TPT Wealth — and will distribute a suite of products, […]
Tasmania’s MyState proposes $755m merger with Queensland’s Auswide Bank
Tasmania’s biggest bank MyState (ASX: MYS) has entered into a $755 million merger agreement with Queensland-based Auswide Bank (ASX: ABA), in a move expected to benefit customers and shareholders. Under the terms of the proposal, MyState will issue 1.112 new shares for every one share held by Auswide shareholders, implying a 65.9% pro forma ownership […]
One of Australia’s oldest listed companies follows super new path
The walls of the Melbourne headquarters of Equity Trustees (ASX: EQT) are adorned with the portraits of former prime ministers, premiers and governor generals who have served on the board of the stately 133-year-old institution. The roll call of dignitaries includes 19th century premier Sir Charles Sladen, prime ministers Stanley Bruce and Robert Menzies and […]