In a time when big banks often feel distant from the communities they serve, Summerland Bank’s proposed merger with Regional Australia Bank offers a refreshing alternative – one focused on mutual ownership, ethical banking, and a deep commitment to regional sustainability.
The merger will ensure that the bank remains 100 per cent customer-owned, with no external shareholders and no compromise on values. It’s a model that puts people before profit and prioritises long-term wellbeing over short-term gain.
For Nimbin locals, this isn’t just a banking update – it’s a chance to strengthen the kind of values-based financial services that align with the town’s progressive spirit.
Both banks are proudly customer-owned, and Summerland Bank is committed to remaining B Corp certified, with strong values around social and environmental responsibility. This merger is about amplifying that impact, not diluting it.
If approved, the merger would see Summerland Bank join forces with Regional Australia Bank to create a stronger, more resilient organisation – one that’s better equipped to serve regional communities like Nimbin.
Customers would still bank with the same friendly team at the local branch but gain access to a wider network of 49 branches across regional NSW, along with more lending specialists and financial tools to support personal and community goals.
What makes this proposal especially relevant for Nimbin is the shared commitment to sustainability and community investment. With more resources, the merged bank could expand its support for local initiatives, sponsorships, and environmental programs – helping to fund the kinds of projects that matter most to this region.
This is a pivotal moment for customers of Summerland Bank. Your vote will help shape the future of banking in regional Australia – and in Nimbin. It’s a chance to choose a path that reflects the values of co-operation, sustainability, and community empowerment.
To help locals understand what’s proposed and ask questions directly, Summerland Bank is hosting a community information evening at the Nimbin Bush Theatre on Thursday 14th August at 5pm.
Everyone is welcome to attend to learn more about what this merger could mean for the town and the region. For those who believe banking should serve people and the planet, this merger offers a meaningful step forward. It’s not just about access to more services – it’s about building a future where ethical banking helps communities like Nimbin thrive.
To learn more and to RSVP for the information evening, visit: www.summerland.com.au/merger-plans.
This article appeared in The Nimbin GoodTimes, August 2025.
