(30 January 2008 – Australia) In the wake of the merger between Bendigo Bank and Adelaide Bank, Bendigo’s shareholders have given the thumbs up to the new company moniker of Bendigo and Adelaide Bank.The name change, agreed at an extraordinary general meeting, was proposed as part of the agreed terms of the merger.
Bendigo’s branch network of 366 branches, including Community Bank branches, will retain their current branding as will Adelaide Bank’s 25 branches.
At the EGM, Bendigo managing director Rob Hunt said the bank was on track to deliver on forecast earnings growth in 2008.
He said based on first and expected second half trading, and the successful integration of the two regional banks, the company was targeting cash earnings per share improvement of 12 percent in 2007-08.
The company will change its name to Bendigo and Adelaide Bank Limited on Monday 31 March 2008 but will continue to trade on the ASX as BEN.