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$2 4b outfit takes over Coast s hippy bank

He said Queensland Country Bank had the financial capacity to keep up with technology demands within the banking sector that the credit union did not. The 3100-member business had $56.2 million in total assets at the end of the 2020 financial year, according to its annual report. It said loans to members dropped by $4.1 million to $27.9 million. In comparison Queensland Country Bank s total assets were listed as $2.4 billion last year. Attempts of sales and mergers date back to 2011 when members protested and voted against a proposed deal with Credit Union Australia. In March 2020 a planned acquisition by non-bank lender Firstmac for $7 million fell through after Treasurer Josh Frydenberg deemed it was not in the national interest.

Maleny businesses cleaned after COVID-19 scare

Dominic Venditti from Cappriccios Italian Restaurant in Maleny took to social media urging customers to get tested if they were in the area. “We were informed by Sunshine Coast Hospital this afternoon (Saturday) that the positive case was outside our restaurant on Wednesday January 6 between 6.30pm-7.00pm,” he wrote. “If you were around the vicinity at this time it’s urged to get tested. “Our team working that night are being tested and until we have the all clear we will be closed and self isolating. “A big thanks to everyone, we love our community, let’s do all we can to stay safe.”

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