Elders is delighted to announce a new relationship with Auswide Bank, through which Elders will distribute a range of financial products under the Elders brand.
Farm management deposits, term deposits, cash management accounts, savings accounts and credit cards will soon become available both through Elders branches and online.
Elders General Manager Financial Services and Network Improvement Nick Clark, said he is pleased that Elders will be able to provide a heightened level of service to clients through the agreement.
“We are aware that our clients, and those in regional areas generally, may have challenges in accessing local, dedicated banking personnel,” Mr Clark said.
“Accordingly, we are excited by the complete product offering we will be able to provide across loans and deposits and feel we are well positioned to provide enhanced banking services to our clients across rural and regional Australia.”
The new service offering complements recent investment in the Elders Finance business, with expansion in home loan and equipment finance business, establishment of employed in-house brokers servicing all loan types, and establishment of regionally located agri finance brokerage model.
Most recently, Elders acquired Riverland Lending Services, an agriculturally-focused financial services business, bringing an additional nine brokers into the fold and expanding Elders’ geographic footprint.
The new product offering through the Auswide Bank relationship will likely become available in the first quarter of calendar year 2025.
About Auswide Bank
For over 57 years, Auswide Bank has been providing Australians with an extensive range of personal and business banking products, issued directly or in partnership with leading service providers. Auswide Bank’s competitive products and services and the features they provide make a big difference to customers, no matter where they live.