Bendigo and Adelaide Bank Managing Director, Mike Hirst, said he was pleased to sign the deal, which would strengthen the Bank’s connection with the region.

We believe this deal is positive for borrowers who will be supported with an exceptional product and service offering," Mr Hirst said.

H.D. & C has developed strong relationships with its borrowers and Bendigo and Adelaide Bank has a long history of investing in regional Australia, so we’re very confident we can support customers to achieve their financial goals while supporting the local community."

Completion of the sale will take place in mid June.