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FirstMac looking to acquire building society

Staff Reporter 1 minute read

FirstMac has set its sights on acquiring a deposit-taking institution, according to The Australian Financial Review.

Kim Cannon, FirstMac managing director, told the daily; “We want to align ourselves with an ADI so our 27,000 customers can access full banking services.”

The lender has recently been reported to be pushing to acquire shares in The Rock Building Society, despite being met with resistance from the mutual.

Published: 04-11-08

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