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Newcastle Herald
Newcastle Herald
Business
Damon Cronshaw

Newcastle's historic Greater, Perm banking merger begins today

Newcastle Greater Mutual Group CEO Bernadette Inglis.

The $20 billion merger of Newcastle Permanent and the Greater Bank begins on Wednesday, marking a new era for banking in the Hunter.

The new institution, known as Newcastle Greater Mutual Group or NGM Group, has vowed to prioritise customers by keeping its 100 branches open and providing "competitive interest rates".

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