Latest Banking Acquisitions News

Bendigo and Adelaide Bank is embarking on a three-year, $70 million program to fix significant non-financial risk management weaknesses flagged by APRA, while reporting a $375 million statutory profit for FY26 impacted by rectification provisions and legal penalties.

Count Limited (ASX:CUP) is set to complete its acquisition of Oracle Group with a revised upfront consideration of about $49 million and increased expected cost synergies of $1.25 million annually.

Heartland Group Holdings has satisfied all initial conditions for its acquisition of TSB Bank shares from Toi Foundation, moving closer to a December 2026 merger that will create TSB Heartland Bank Limited.

Bendigo and Adelaide Bank reveals a strategic acquisition of RACQ Bank’s retail portfolio and outlines a comprehensive AML remediation plan, positioning itself for growth and enhanced operational resilience.

Bendigo and Adelaide Bank has agreed to acquire RACQ Bank’s retail lending assets and deposits, expanding its customer base and enhancing geographic diversity. The deal is expected to be accretive to earnings and align with the bank’s 2030 return targets.

ANZ Group Holdings reported a 10% decline in cash profit for FY2025 despite an 8% rise in operating income, maintaining its dividend amid significant restructuring and regulatory costs.

Cash Converters has secured a £12 million growth facility from Lloyds Bank and agreed to acquire 10 UK franchise stores, marking a significant step in its UK expansion strategy.

ANZ Group Holdings Limited posted a 7% increase in statutory profit to AUD 3.642 billion for the half year ended 31 March 2025, with stable cash profit and an 83 cent interim dividend. The full integration of Suncorp Bank underpinned lending and deposit growth, while credit impairments eased.