Frank Spencer joins SBS Bank board

Tuesday 9th November 2010

The former Hastings Building Society chairman Frank Spencer has been appointed to the board of SBS Bank.

Spencer was invited to join the SBS Bank board following the merger and the launch of the HBS Bank brand.

"Seeing HBS become part of a registered bank was the ultimate goal, which because of the small size of the Hawke's Bay institution, was only available through a merger" Spencer said.

"The transition to become HBS Bank is such a big step forward - it's the pot of gold at the end of the rainbow really and I know all of our members and our team in the Bay are looking forward to an exciting and successful time."

SBS Bank board chairman Acton Smith welcomed the appointment, saying, "He brings many areas of skills and expertise to the SBS Bank board, including independent assessment, investment analysis, property markets and a thorough knowledge of the Hawke's Bay region and its economy."

Spencer joined HBS as a director in 2001 and was the chairman of the HBS board from 2008 until their merger with SBS Bank on October 1 2010.

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