MyState Limited Merger
The Rock Building Society Limited and Tasmania's largest financial group, MyState Limited, have merged to form a stronger, regional financial services group.
The merger enables the combined group to leverage MyState's strong retail business model and achieve increased scale through broader product and service offerings and more extensive distribution networks. At the same time, both The Rock and MyState will retain their separate, distinct identities.
The merger is the next logical step in The Rock's growth, as it continues to build a broader and more diverse retail business that provides a regionally-focussed alternative to the bigger banks.
Importantly, the proud traditions of The Rock brand and service to its customers and communities will continue. The Rock's head office will continue to be located in Rockhampton and day-to-day operations will be undertaken locally. The Rock's branch and mini-branch network will also continue to provide customer-focussed banking services across regional Queensland and interstate, with plans to increase investment in this network and The Rock brand.
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