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Auswide Bank Ltd. ( (AU:ABA) ) has provided an announcement.
Auswide Bank Ltd announced that the Supreme Court of New South Wales approved its acquisition by MyState Bank Limited, a subsidiary of MyState Limited, through a scheme of arrangement. This approval sets in motion a strategic transition where Auswide shareholders will receive new MyState shares, impacting their market presence by consolidating operations under MyState, thus potentially enhancing service delivery and competitive positioning within the financial sector.
More about Auswide Bank Ltd.
Auswide Bank Ltd is an Australian owned bank, listed on the ASX since April 2015, and was originally a building society established in 1966. The bank, which is the third largest in Queensland and the tenth largest in Australia, holds both an Australian Credit Licence and an Australian Financial Services Licence. It offers a wide range of personal and business banking products and services through branches, strategic partnerships, and online channels.
YTD Price Performance: 4.12%
Average Trading Volume: 50,257
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$260.9M
Find detailed analytics on ABA stock on TipRanks’ Stock Analysis page.
