Auswide Bank is an Australian owned bank, originally established as a building society in 1966, as an alternative to the big banks. It merged with MyState in 2025.
Overview Auswide Bank has been around for over 59 years and has 16 branches located primarily across the Queensland east coast.
They provide personal banking products and services including loans, savings and investments, insurance, foreign exchange and banking services, with a focus on home ownership for everyday Australians.
Corporate history Auswide Bank’s origins are in regional Queensland local communities from where the Bank has expanded to have a national presence. +Timeline1979Wide Bay Capricorn Building Society was formed as the result of a merger between the Burnett Permanent Building Society (based in Bundaberg) and the Maryborough Permanent Building Society, both of which had operated since the 1960s.1981-1983Wide Bay Capricorn amalgamated with the Gympie and North Coast Building Society and in 1983 another merger occurred with the Gladstone based Port Curtis Building Society.'Auswide Bank 2001 Annual Report'. Available from: https://www.auswidebank.com.au/corporate/results-and-reporting/annual-reports/1994Wide Bay Capricorn Building Society as listed on the Australian Securities Exchange.'Auswide Bank 2001 Annual Report'. Available from: https://www.auswidebank.com.au/corporate/results-and-reporting/annual-reports/2000/2001Wide Bay Capricorn exceeded $1 billion in assets and loans under management.'Auswide Bank 2001 Annual Report'. Available from: https://www.auswidebank.com.au/corporate/results-and-reporting/annual-reports/2003Wide Bay Capricorn was changed to Wide Bay Australia in December following branch expansion and a strong support base in Central and South-East Queensland.'Auswide Bank 2003/2004 Half Yearly Report'. Available from: https://www.auswidebank.com.au/corporate/results-and-reporting/annual-reports/2008Mackay Permanent Building Society Limited merged with Wide Bay Australia.'Auswide Bank 2008 Annual Report'. Available from: https://www.auswidebank.com.au/corporate/results-and-reporting/annual-reports/ 2015On April 1, Wide Bay Australia officially becomes Auswide Bank. The decision was made by Wide Bay Australia's board of directors to convert to a bank based on several reasons including the geographic limitations of the Wide Bay name and the added 'security' that banks are perceived to offer.'Auswide Bank 2014/2015 Half Yearly Report'. Available from: https://www.auswidebank.com.au/corporate/results-and-reporting/annual-reports/ On 22 December 2015, Auswide Bank announced a merger with the Brisbane based Queensland Professional Credit Union (trading as Your Credit Union). The merger was completed on May 20th 2016.'Auswide Bank 2016 Annual Report'. Available from: https://www.auswidebank.com.au/corporate/results-and-reporting/annual-reports/2024 in August 2024 it was announced that Auswide Bank and MyState Financial, based in Tasmania were seeking a merger2025 On 19 February 2025, Auswide Bank merged with MyState.https://www.auswidebank.com.au/news-blogs/articles/auswide-bank-and-mystate-bank-merger-update/
Operations Auswide Bank’s corporate office locations are based in Bundaberg and Brisbane in Queensland, Australia.
Retail Banking The retail banking channel provides financial services to personal and business banking customers via Auswide Bank branches, mobile lenders, phone and online.
Third Party The third-party channel provides loans and associated financial services to customers via accredited mortgage brokers and introducers and deposits to customers via partnerships and deposit brokers.
Private Bank The private banking channel offers a range of financial products – from banking and deposits to borrowing and protection.
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