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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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Bendigo and Adelaide Bank acknowledges Aboriginal and Torres Strait Islander peoples as the First Peoples of this nation and the Traditional Custodians of the land where we live, learn and work. We pay our respects to Elders past and present as it is their knowledge and experience that holds the key to the success of future generations.

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