Bendigo Bank’s $5.2 Billion RACQ Deal Meets AML Turbulence: What It Means for Customers and BEN Shares (Updated 6 December 2025)
Bendigo and Adelaide Bank has agreed to buy RACQ Bank’s retail loan and deposit book, shifting A$5.2 billion in assets and over 90,000 customers, mostly in Queensland. The deal, funded from cash reserves and set to complete between late 2026 and early 2027, comes as Bendigo faces an anti–money laundering review, a police investigation, and new job cuts.