MyState Ltd (ASX:MYS)

Company's Profile

MyState Limited operates banking, trustee, and managed fund services through its wholly owned subsidiaries, MyState Bank Limited (MyState Bank) and TPT Wealth Limited (TPT Wealth). MyState Bank offers home lending, savings, and transactional banking solutions through digital platforms, branch networks, an Australia-based contact center, mobile lenders, and mortgage brokers. TPT Wealth provides asset management and trustee services through relationship managers, digital channels, and an Australia-based team specializing in estate planning, trust administration, and support. The company's segments consist of the Banking division and the Wealth Management division. The Banking division offers various products such as home loans, personal loans, overdrafts, lines of credit, commercial products, transactional savings accounts, fixed-term deposits, and insurance products. The Wealth Management division primarily operates in Tasmania and focuses on fund management and trustee services.