Bank Australia Completes Australian Unity Bank Acquisition on 24 November 2025: What It Means for 29,000 Customers and the Mutual Banking Sector
Bank Australia has completed its acquisition of Australian Unity Bank’s banking business, effective 24 November 2025. The deal transfers about 29,000 customers and A$1.5 billion in loans and deposits to Bank Australia, raising its customer base to over 320,000 and assets to nearly A$17.5 billion.