Commonwealth Bank has given a commitment to keep all its regional branches open until at least the end of 2026. This is a three-year extension of a commitment the bank first made at the beginning of the year. At the end of June last year, the bank reported it had 807 branches, with 39 per cent in regional areas. Cash Converters has completed its acquisition of Capital Cash, a franchisee operating 42 Cash Converters stores in the United Kingdom. The deal is worth A$24.7 million. Capital Cash generated $5.1 million of EBITDA in the 2021/22 financial year. The deal is part of the company’s search for new income streams after it announced earlier this year that it would get out of the market for small amount credit contracts. It said new consumer credit law would limit the prospects for its SACC business. Tech industry veteran Jeffrey Smith has joined the board of digital property exchange operator PEXA Group. Smith was chief information officer at IBM Corp and CIO at Suncorp. He has also held senior executive positions at Telstra, Honeywell and Toyota. He is currently a non-executive director at ANZ. Small business lender Prospa has established a A$12 million corporate debt facility “to act as a buffer in the event that economic headwinds intensify”. The facility was arranged by investment company iPartners and funded by iPartners and its clients. Prospa said its funding capacity under its other facilities remains unchanged.