People First Bank

• Ian Rogers

Service standards and turnaround times on home loan applications have blown out, badly, at People First Bank, at least for applications lodged via mortgage brokers.  read more

• Ian Rogers

Cost discipline is a characteristic too few mutual banks are known for, and nigh on impossible to deliver when boards are balancing pursuit of the greater goal of merging in the name of survival, with.. read more

• Ian Rogers

Any merger of Beyond Bank and Police & Nurses would create a mutual with close to $20 billion in assets, making it the fourth largest. The enlarged mutual bank will have around 450,000 members, wh.. read more

• Ian Rogers

“There’s no reason we can’t be Australia’s first member-owned bank to have a million members,” People First Bank believes. read more

• Ian Rogers

Heritage and People’s Choice have selected ‘People First Bank’ as the new name of their merged entity. read more

• John Kavanagh

Heritage Bank and People’s Choice Credit Union overcame the distractions of their merger and integration to maintain growth in lending and deposit taking over the 2022/23 financial year. read more

• Banking Day staff

Heartland Group’s chief operating officer Michael Drumm is changing roles, moving to the new position of chief compliance and sustainability officer of Heartland Bank. read more

The merged Heritage Bank and People’s Choice Credit Union will build a new head office in Toowoomba on the site of a former Catholic church.  read more

• John Kavanagh

Two new mutual banks, each with assets of more than A$20 billion, start trading today, with the official completion of the mergers of Newcastle Permanent Building Society and Greater Bank, and Heritag.. read more

• John Kavanagh

Heritage Bank and People’s Choice Credit Union members have voted in favour of the proposed merger of the two mutuals. read more

• John Kavanagh

Treasurer Jim Chalmers has approved two proposed mergers of mutuals – Heritage Bank with People’s Choice Credit Union, and Greater Bank with Newcastle Permanent Building Society. read more

• Banking Day staff

Heritage Bank has moved to improve its data security, appointing Mikhail Lopushanski as its chief information security officer. read more

• John Kavanagh

Heritage Bank and People’s Choice Credit Union have completed the due diligence on their proposed merger and have decided to proceed with their union. read more

• Ian Rogers

Heritage Bank and People’s Choice Credit Union are dragging out their mooted merger, with a member vote slated for October. read more

• Banking Day staff

Queensland-based Heritage Bank has opened a branch at Macquarie Centre, a shopping mall in the Sydney suburb of North Ryde. read more

• Ian Rogers

People’s Choice is stepping up its growth aspirations, as the Adelaide-based mutual ADI sorts through terms for a merger with the faster-growing Queensland-based Heritage Bank. read more

• Ian Rogers

A nip at the provision line accounts for pretty much all the profit for deposit-heavy Heritage Bank over the year to June 2021. read more

• Ian Rogers

A national, mutual banking brand is the ambition of Heritage Bank and People’s Choice Credit Union as they seek to forge a union that will make the new enterprise the largest mutual bank in Australia. read more

• Bernard Kellerman

Heritage Bank has recorded an after-tax profit of A$23.2 million for the six months to December, a 3 per cent on the same period the previous year. read more

• Banking Day staff

Industry fund HESTA has committed A$20 million as a cornerstone investor in Australian Unity’s inaugural issuance of Mutual Capital. read more