Following the recent increase to the official cash rate by the Reserve Bank of Australia, Geelong Bank will increase interest rates for Members with variable rate home loans effective 30 March.
On March 19, 2026, Geelong Bank members showed overwhelming support for our merger with Hume Bank with 96% voting in favour of the proposal.
We thank all members who took part in the process; we truly appreciate the time you invested in understanding the changes and voting for the future of our bank.
We have notified APRA of the outcome of the Special General Meeting and our intention to merge on May 1, 2026.
In the meantime, we will continue to work closely with the Hume Bank team to prepare for a seamless integration of both banks.
What to expect on May 1, 2026
There will be no changes to the way members bank with Geelong Bank immediately after the merger. You can keep using your current services as expected, both online and from our Moorabool Street branch.
Will Geelong Bank members see many changes to their banking?
Both banks use the same banking system, so we anticipate no significant changes to your banking interface. We will continue to update the system to ensure it remains modern in the same way that we regularly update our Geelong Bank app.
When can members access Hume Bank products and services?
We anticipate that Geelong Bank members will have access to Hume Bank products and services following an integration period of 6 to 12 months.
How will Geelong Bank form a meaningful part of the merged bank?
The Board of the merged bank will comprise two Geelong Bank Directors, current Geelong Bank Chair Allison Batten and Managing Director and CEO Graham Fryer.
Next steps for members
From 1 May, we look forward to providing you with the same high-quality banking you have today — with even more benefits rolling out later in 2026.
Learn more and read our FAQs:
Click here to see our previous communication regarding merging with Hume Bank