Hume Bank and Geelong Bank have signed a Memorandum of Understanding (MOU) to explore a merger that would bring together two customer-owned banks with shared values and deep regional roots.
Bringing the two banks together would create one of the largest regional customer owned banks with $2.4b in assets, a network of 16 branches, over 60,000 customers and around 200 staff.
The combined bank would ga...
