Mortgage company Resimac has acquired the shares in online lender State Custodians that it did not already own, Resimac announced yesterday that State Custodians' co-founder and chief executive, Heidi Armstrong, would be leaving the company. The Australia Securities and Investments Commission has banned a Victorian mortgage broker who was found to have submitted false loan documents to support home loan applications. Andrew McClure was a credit representative of RAMS Financial Group between July 2010 and August 2011. ASIC found that he created and submitted false accountants' letters and failed to verify documentation. His ban is for five years. New Zealand regional bank SBS Bank has appointed Wayne Evans as chief executive to replace Ross Smith, who is retiring on July 31 after 22 years in the role. The Southland-educated Evans established SBS's Invercargill-based consumer finance arm Finance Now, which has NZ$120 million in assets. Mastercard has launched its Masterpass digital wallet service in New Zealand with Westpac as its launch partner. Mastercard said the service launched in partnership with payment system providers Fontis, Flo2Cash, IP Payments, Payment Express, Paystation and Solutionists. Local retailing partners included Webjet, BuyInvite, DC Shoes, Jeanswest, LivingSocial, NZSALE, Quiksilver and Roxy. It said ANZ, BNZ, and Kiwibank also planned to joint the service.