Coastline Bank’s long-serving CEO, Peter Townsend has announced his plans to retire after 29 years with the Macleay Valley based bank.

Peter announced his intention to the Board of Directors that he intends to end his tenure following the AGM in November 2025. As a consequence of Peter’s announcement, he has requested the Board start the process to find his replacement.

As Chair of Coastline Bank, I speak for all Directors when I say Peter’s commitment, leadership and guidance to Coastline Bank will be sorely missed. Peter has dedicated the last 29 years to our organisation. Under his steady leadership Coastline has achieved consistent and sustainable growth and year on year has provided our members with outstanding results, all while ensuring our team remain focused on our customer-centric strategy.

Whilst Peter’s retirement will result in a new CEO having big shoes to fill, we have time to find the right candidate for the role. The Board will work diligently to ensure we find a candidate who is focused on our members and our team as much as Peter has been over the past 29 years.

Vanessa McNeilly
Chair
Coastline Bank