Feb 22 (Reuters) - Bank of Queensland BOQ.AX said on Monday it will buy ME Bank, a digital lender owned by 26 industry pension funds, for A$1.33 billion ($1.05 billion) as the second-tier lender hopes to chip away at the dominance of Australia's 'Big Four' banks.
The Brisbane-based regional bank will fund the deal through a A$1.35 billion equity raise at A$7.35 a share, a 12.6% discount to its last closing price.
($1 = 1.2702 Australian dollars)