Potential Merger - Bank Australia and Qudos Bank

[mel-world]

Got an email today announcing that these two small banks ($17 billion total assets) have signed an agreement to explore a potential merger.

As Qudos started as the Qantas Credit Union and, when I joined the Outlook Credit Union, it was the Ansett staff credit union. Outlook eventually morphed into Bank Australia after many mergers. So this would see some ex-Ansett staff being in a Bank with Qantas staff.

 

[Mwenenzi]

Well a good number of ex Ansett did/do work for QF. Including CEO's Geoff Dixon and Alan Joyce.

Geoff Dixon - Wikipedia

en.wikipedia.org

Alan Joyce (businessman) - Wikipedia

en.wikipedia.org

Creating Australia's leading purpose driven bank | MyQ February 2024

www.qudosbank.com.au

Qudos web site

Qudos Bank and Bank Australia to explore merger to create Australia’s leading purpose driven bank

On February 1st Qudos Bank and Bank Australia announced their intention to explore a merger between two of Australia’s leading purpose driven customer owned banks.
In initiating the potential merger, the Boards of both banks identified that there is strong alignment in the culture and values of both organisations, with a deep commitment to customer ownership that puts customers best interests at the core of operations.
A potential merger would create one of Australia’s largest customer owned banks, and with this increased scale enhance the ability to invest in products, services and digital banking technology well into the future.
Qudos Bank members and employees remain paramount in the decision, and will be provided with ongoing updates as this exciting initiative progresses.
<snip>

Until today never heard of "Bank Australia"

 

[mel-world]

Until today never heard of Qudos Bank.

 

[Mwenenzi]

Off topic

Until today never heard of "Bank Australia"

Until today never heard of Qudos Bank.

Can earn QF ff points with a Qudos account

https://www.australianfrequentflyer.com.au/earn-qantas-points-free/

A credit union I was associated with ~20 years may be 1 of the 72 credit unions that have morphed into Bank Australia