Bendigo board continues merger proposal discussions

Bendigo Bank’s board will continue its discussions regarding the Bank of Queensland merger proposal in Queenscliff today.

A two-day planning session had been scheduled in the Victorian coastal community, where Bendigo opened a branch in 2006.

The two-day session will now include the process by which Bendigo will evaluate the Bank of Queensland proposal.

The board and senior executives hold a board planning session in a regional location each year.

Bendigo has also had a long association with the Geelong region which began in 1992 when the then Bendigo Building Society merged with the Geelong-based Capital Building Society.

At today’s session the board appointed Goldman Sachs J.B. Were, Grant Samuel and Allens Arthur Robinson as advisers.

Further advisers will be appointed should the need arise.