Auswide Bank’s ambitions of wooing customer-owned lenders to defect to the sharemarket-listed side are becoming increasingly frustrated.
Bundaberg-based Auswide has most recently unsuccessfully courted Coffs Harbour-based Bananacoast Community Credit Union (BCU) in a deal estimated to be worth almost $170 million.
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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
