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Regional bank becomes 22nd lender on Aussie panel

by Reporter4 minute read
Heritage Bank

Toowoomba-based lender Heritage Bank has become the 22nd member of Aussie’s lender panel, and the third member to be selected in 12 months.

Aussie CEO James Symond welcomed the new addition to the panel, saying that he believes the non-major bank is “well placed” to enable brokers to service customer demand for customer-owned lenders, particularly in regional areas.

“Heritage understands regional areas and is well placed to support our many rural stores and their customers,” Mr Symond said.

“There has been strong growth in the customer-owned banking sector over the last 18 months, suggesting that customers are seeking genuine alternatives to mainstream lenders, so we’re thrilled to be able to respond to this demand and add a quality player like Heritage to our hand-selected panel.”

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The CEO of Heritage Bank, Peter Lock, said that he was pleased that the bank has joined Aussie’s panel and hoped that the move will build upon its plans to develop its broker distribution and support network. 

“We are delighted to be joining the panel of one of Australia’s top mortgage broking operations,” Mr Lock said.

“We have been investing heavily in expanding our broker distribution and support model over the past 12 months, and we are well positioned to provide Aussie’s brokers with the outstanding service and support they deserve.”

Heritage joins the company of some major players on Aussie’s lender panel, including CBA, Westpac, ANZ, NAB Broker, Bankwest, Suncorp Bank and St. George Bank.

 [Related: Customer-owned bank posts 10% pre-tax profit growth]

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