At a time when big banks can feel disconnected from the communities they serve, the proposed merger between Summerland Bank and Regional Australia Bank offers a refreshing alternative, one grounded in mutual ownership, ethical banking, and a strong commitment to regional sustainability.
If approved, the merger would unite two customer-owned banks with shared values, ensuring the organisation remains 100% owned by its customers, with no external shareholders and no compromise on principles. It’s a model that puts people before profit and prioritises long-term wellbeing over short-term gain.
For the Northern Rivers community, this is more than a business move; it’s an opportunity to strengthen values-driven banking. Summerland Bank will remain B Corp certified, maintaining its focus on social and environmental responsibility while amplifying its impact through partnership.
Together, the merged bank would become a stronger, more resilient organisation — with 49 branches across regional NSW, expanded digital services, and more lending specialists to support personal and community goals. Customers will continue to bank with their trusted local teams while benefiting from broader resources and reach.
Importantly, this merger would enhance support for local initiatives, sponsorships, and environmental programs, investing in the projects that matter most to our region.
This is a pivotal moment for Summerland Bank customers. Your vote will help shape the future of ethical , community – focused banking in regional Australia. To help locals better understand what’s proposed, Summerland Bank is hosting a series of community information evenings. All are welcome to attend and ask questions about what this merger could mean for our region.
The Community Merger Information Evenings will be held at 5pm at the following venues:
Kingscliff Beach and Bowls Club: Thursday 23rd October
Ballina RSL Club – Monday 27th October
Lismore Workers Sports Club Goonellabah – Tuesday 28th October
Grafton District Services Club – Wednesday 29th October
Learn more at www.summerland.com.au/merger-plans.
