Good news for both. ROK didn't have the balance sheet capable of growing post GFC while MYS has 80% of its loans covered by deposits - balance sheet size and funding access that will help ROK grow its loan book in QLD.
I wouldn't dismiss the chance of a counter bid for either MYS or ROK prior to this deal completing
Holder of MYS
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- ROK
- proposed merger with tassie building society
proposed merger with tassie building society, page-2
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