It was announced on 4 August 2006
that the lending assets of Superbank have been bought by
GE Money. Superbank is closing down its banking
operations.
SuperSaver accounts have not been bought and we will be
withdrawing the SuperSaver product from the 25th of
September 2006.
SuperAccess transaction accounts have not been bought
and we will be withdrawing this product from non-lending
customers on the 8th of September 2006.
The Superbank brand will still belong to the owners, but
the bank will cease to operate.
Superbank will commence full closedown from the 6th of
November 2006. The SuperSaver product will be completely
withdrawn from 25th of September 2006 and the
SuperAccess product will be withdrawn from non-lending
customers on the 8th of September 2006.
The partners (St. George Bank & Foodstuffs) conducted a
review of the business. As a result, a commercial
decision was made to sell the bank’s lending portfolio
to GE Money and close down the banking operations.
After Friday 3 November
2006, all home loan customers should call GE Money on
0800 945 658 for any enquiries or requests relating to
their existing home loan and associated accounts.
All other enquiries or requests should be made in
writing to:
St.George Bank (NZ) Ltd
PO BOX 3100
Wellington
All requests will be acknowledged or responded to within
21 days of receipt.
