Toowoomba-based Heritage Plans To Become Australia’s Largest Member-owned Bank

Heritage Building Society Limited has announced plans to take the next logical step forward in the organisation’s evolution by changing its name to Heritage Bank Limited.

Heritage will put that recommendation to a vote of members and must also gain approval from the Australian Prudential Regulation Authority (APRA)

If successful, it would make Heritage Australia’s largest member-owned bank.

Chairman Mr Brian Carter said the new name would better reflect the role that Heritage plays in the lives of its members and would be more relevant in the modern world.

While the name would change, Mr Carter said Heritage would remain member-owned and member-focussed. Heritage has absolutely no plans to de-mutualise and list shares on the ASX.

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