Bank Takeovers Suncorp and ANZ

👩‍🏫 Sometimes, boards and shareholders agree to merge with other big companies in their infinite wisdom.

🏦 Most recently, ANZ completed a $4.9 billion acquisition of Suncorp Bank in July 2024, bringing roughly 3,000 staff and 1.2 million customers into ANZ. On 7 September 2026 Suncorp told customers and brokers Suncorp will change to ANZ by June 2027, retiring the Suncorp brand completely.

If you have an existing Mortgage with Suncorp, it's ideal you chat to your broker ASAP about the change, including being forced into an ANZ product with different features, and the forced change in repayment amount (higher in most cases).

💡 Give a Truly Finance Awesome Mortgage Broker a call to discuss your situation. You were probably not recommended an ANZ loan when you were recommended a Suncorp loan so it makes total sense to review.

Truly's advice, financial, wealth and property strategies are complimentary. We do this for the best interests of our clients and we relentlessly strive to serve as the best mortgage brokers in Australia with uncommon excellence!

James Brett. Principal Mortgage Broker ☎️ 0439 591 759

Victor Simone. Principal Mortgage Broker ☎️ 0449 659 029

Nermalee Bowe. Senior Mortgage Broker ☎️ 0431 274 554

Dragan Disljenkovic. BD & Relationship Manager ☎️ 0422 435 900

Credit Representative Numbers 521733, 550284 & 547037 are authorised under Australian Credit Licence 389328