Auswide Bank
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 Bank Ltd in 2025 and is a wholly owned subsidiary of MyState Bank Limited, part of the MyState Limited Group.
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.| 1979 | Wide Bay Capricorn Building Society was formed as the result of a merger between the Burnett Permanent Building Society and the Maryborough Permanent Building Society, both of which had operated since the 1960s. |
| 1981-1983 | Wide 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. |
| 1994 | Wide Bay Capricorn Building Society Ltd was listed on the ASX. |
| 2000/2001 | Wide Bay Capricorn exceeded $1 billion in assets and loans under management. |
| 2003 | Wide Bay Capricorn was changed to Wide Bay Australia in December following branch expansion and a strong support base in Central and South-East Queensland. |
| 2008 | Mackay Permanent Building Society Limited merged with Wide Bay Australia. |
| 2015 | On 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. On December 22nd 2015, Auswide Bank announced a merger with the Brisbane based Queensland Professional Credit Union. The merger was completed on May 20th 2016. |
| 2024 | in August 2024 it was announced that Auswide Bank and MyState Financial, based in Tasmania were seeking a merger |
| 2025 | On 19 February 2025, Auswide Bank merged with MyState Bank to become a wholly owned subsidiary of MyState Bank Limited, part of the MyState Limited Group. |