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Andrew Hadley says the economies of scale of a merged organisation would provide a range of benefits.

P&N ponders $6bn tie-up

P&N Bank is considering a merger with regional east coast credit union bcu, which is about half the size of the Perth-based lender, to form a combined group with a $6 billion asset base and 150,000 customers across the country.

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Branches

6th-Bendigo and Adelaide Bank46
7th↑Aussie19
8th↑P&N Bank15
9th↓Bank of Queensland11
10th-Beyond Bank Australia7
27 banks & non-bank lenders ranked by number of branches in WA

WA Revenue

15th↓Capricorn Society$111.9m
16th↑MDA National$109.1m
17th-P&N Bank$91.4m
18th↑MercyCare$88.4m
19th↓Baptistcare$86.2m
70 not for profit businesses ranked by WA revenue most recent financial year

Number of Employees