Auswide Bank

{{Infobox company

| name = Auswide Bank

| logo = Auswide-Logo_RGB_Colour_vertical_V2.svg

| image = AUSWIDE_BANK_24th_Jan_2024_BRISBANE_Branch_-215_TDa-1200x1275px.jpg

| image_caption = Auswide Bank Brisbane branch, 2024

| type = Subsidiary

| predecessor = Burnett Permanent Building Society (1966), Wide Bay Capricorn Building Society (1979), Wide Bay Australia (2003)

| foundation = 2015 as Auswide Bank

| parent = MyState Bank Limited (since 2025)

| location =

| area_served =

| industry = Banking, financial services

| products =

| revenue =

| net_income =

| assets =

| num_employees =

| key_people =

Sandra Birkensleigh (Chairman),

Brett Morgan (Managing Director)

| locations = 16

| homepage = {{url|https://www.auswidebank.com.au/|auswidebank.com.au}}

}}

Auswide Bank Ltd is an Australian owned bank, originally established as a building society in 1966, as an alternative to the big banks.

Auswide Bank merged with MyState Bank Ltd in 2025 and is a wholly owned subsidiary of MyState Bank Limited, part of the MyState Limited Group.

Overview

Auswide Bank has been around for over 57 years and has 16 branches located primarily across the Queensland east coast.

They provide personal banking products and services including loans, savings and investments, insurance, foreign exchange and banking services, with a focus on home ownership for everyday Australians.{{Cite web |title=About Auswide Bank |url=https://www.auswidebank.com.au//about/about-auswide-bank/ |access-date=2024-05-29 |website=www.auswidebank.com.au |language=en}}

Auswide Bank has an Australian Credit Licence and an Australian Financial Services Licence issued by ASIC and is an Authorised Deposit-taking Institution prudentially supervised by the Australian Prudential Regulation Authority.{{Cite web |title=Auswide Bank Investment Security |url=https://www.auswidebank.com.au//help/security/investment-security/ |access-date=2024-05-10 |website=www.auswidebank.com.au |language=en}}

Corporate History

File:WideBayAustraliaYeppoon2014.jpgAuswide Bank’s origins are in regional Queensland local communities from where the Bank has expanded to have a national presence.

class="wikitable"

|+Timeline

|1979

|Wide Bay Capricorn Building Society was formed as the result of a merger between the Burnett Permanent Building Society (based in Bundaberg) and the Maryborough Permanent Building Society, both of which had operated since the 1960s.{{Cite web |title=Auswide Bank's Annual Reports |url=https://www.auswidebank.com.au//corporate/results-and-reporting/annual-reports/ |access-date=2024-05-29 |website=www.auswidebank.com.au |language=en}}

1981-1983

|Wide Bay Capricorn amalgamated with the Gympie and North Coast Building Society and in 1983 another merger occurred with the Gladstone-based Port Curtis Building Society.'Auswide Bank 2001 Annual Report'. Available from: https://www.auswidebank.com.au/corporate/results-and-reporting/annual-reports/

1994

|Wide Bay Capricorn Building Society Ltd was listed on the ASX.'Auswide Bank 2001 Annual Report'. Available from: https://www.auswidebank.com.au/corporate/results-and-reporting/annual-reports/

2000/2001

|Wide Bay Capricorn exceeded $1 billion in assets and loans under management.'Auswide Bank 2001 Annual Report'. Available from: https://www.auswidebank.com.au/corporate/results-and-reporting/annual-reports/

2003

|Wide Bay Capricorn was changed to Wide Bay Australia in December following branch expansion and a strong support base in Central and South-East Queensland.'Auswide Bank 2003/2004 Half Yearly Report'. Available from: https://www.auswidebank.com.au/corporate/results-and-reporting/annual-reports/

2008

|Mackay Permanent Building Society Limited merged with Wide Bay Australia.'Auswide Bank 2008 Annual Report'. Available from: https://www.auswidebank.com.au/corporate/results-and-reporting/annual-reports/

2015

|On April 1, Wide Bay Australia officially becomes Auswide Bank. The decision was made by Wide Bay Australia's board of directors to convert to a bank based on several reasons including the geographic limitations of the Wide Bay name and the added 'security' that banks are perceived to offer.'Auswide Bank 2014/2015 Half Yearly Report'. Available from: https://www.auswidebank.com.au/corporate/results-and-reporting/annual-reports/

On December 22nd 2015, Auswide Bank announced a merger with the Brisbane based Queensland Professional Credit Union (trading as Your Credit Union). The merger was completed on May 20th 2016.'Auswide Bank 2016 Annual Report'. Available from: https://www.auswidebank.com.au/corporate/results-and-reporting/annual-reports/

2024

| in August 2024 it was announced that Auswide Bank and MyState Financial, based in Tasmaina were seeking a merger {{cite web | url=https://www.bankingday.com/mystate-auswide-do-the-decent-thing-in-dire-times | title=MyState, Auswide do the decent thing in dire times | date=19 August 2024 }}

2025

| On 19 February 2025, Auswide Bank merged with MyState Bank to become a wholly owned subsidiary of MyState Bank Limited, part of the MyState Limited Group.https://www.auswidebank.com.au/news-blogs/articles/auswide-bank-and-mystate-bank-merger-update/

Operations

Auswide Bank’s corporate office locations are based in Bundaberg and Brisbane in Queensland, Australia.

=Retail Banking=

The retail banking channel provides financial services to personal and business banking customers via Auswide Bank branches, mobile lenders, phone and online.{{cn|date=December 2024}}

=Third Party=

The third-party channel provides loans and associated financial services to customers via accredited mortgage brokers and introducers and deposits to customers via partnerships and deposit brokers.{{cn|date=December 2024}}