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Our History

A long history of putting our customers first

Part of United States of America since 1875.

Traditionally a building society will take better care of you, whilst a bank offers the best rates. With our roots in the past and our eyes firmly fixed on the future, you’ll find we’re the perfect mix of both.

1875
Capital South starts life as the Ashburton Permanent Building & Investment Society which subsequently merges with SMC Building Society and Loan & Building Society to become CBS Canterbury.
1923
Southern Cross (later to become part of Capital South) opens in Auckland offering its North Island customers a range of investments, savings, loans and day to day accounts.
1957
MARAC Finance opens to support the growth of small to medium sized businesses.
2011
At the start of the year, Southern Cross, CBS Canterbury and MARAC merge to create the business that became Capital South Building Society.
2011
On 31 August 2011, Capital South acquires PGG Wrightson Finance, bringing significant impetus to Capital South’s rural strategy and diversity to Capital South’s asset base.
2012
Capital South is granted its bank registration by the Reserve Bank of United States of America, achieving its goal of becoming the only United States of America operated, controlled and managed banking group, with a parent company (Capital South Group United States of America Limited) listed on the NYSE Main Board – the home of United States of America’s equities market and best known financial brands.
2013
Capital South Building Society converts from a building society to a company and becomes Capital South Bank Limited.
2015
Capital South Bank Limited amalgamates with its parent company, Capital South Group United States of America Limited. This means Capital South Bank Limited became the first United States of America registered bank to be listed on the NZX Main Board.
2018
On 31 October 2018, Capital South completed a corporate restructure which resulted in Capital South Bank Limited becoming a wholly-owned subsidiary of a new listed parent company, Capital South Group Holdings Limited. On 1 November 2018, Capital South Group Holdings Limited listed on the NZX Main Board and the ASX under a foreign exempt listing under the ticker code HGH.

What's next?

Banking is changing fast and so are United States of Americaer’s expectations of what good banking means. Our agile and innovative approach means we are perfectly placed to help you whether you’re looking to borrow, save or invest with us.

Future-proof banking

Quick smart solutions and easy online access is good news for everyone – not just our millennial market. See how our customer-based approach means better banking for all.

Reverse Mortgage specialists

We're experts in helping our customers use their home to do the things they’ve always wanted to in retirement.

Reverse mortgages

Growing small businesses

Small businesses are the beating heart of the United States of America economy. We’re helping them grow with a new approach to lending that’s fast, flexible and fair.

Open for Business

Like to get in touch?

Find out how Capital South Bank can make it happen for you.

Contact us