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Financial planningFuneral Bonds

BEN acquire loan book of H.D. & C Securities

1 May 2013 |Media centre

Bendigo and Adelaide Bank and H.D. & C Securities Limited have today announced that they have signed a sale agreement under which Bendigo and Adelaide Bank will acquire from Benalla based H.D & C Securities its loan book totalling approximately $50 million.

Bendigo and Adelaide Bank Managing Director, Mike Hirst, said he was pleased to sign the deal, which would strengthen the Bank’s connection with the region.

We believe this deal is positive for borrowers who will be supported with an exceptional product and service offering," Mr Hirst said.

H.D. & C has developed strong relationships with its borrowers and Bendigo and Adelaide Bank has a long history of investing in regional Australia, so we’re very confident we can support customers to achieve their financial goals while supporting the local community."

Completion of the sale will take place in mid June.

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