Bank of Queensland
Bank of Queensland, one of the State’s oldest financial institutions, is a full-service retail bank with a growing network of 135 branches throughout rural, regional and metropolitan Queensland. Since 2002 the Bank has inaugurated an aggressive branch expansion in regional and rural Queensland. In 2004, the Bank has expanded into other states, opening branches in New South Wales and Victoria.
History
- 1874: The Brisbane Permanent Benefit Building and Investment Society was established as the first permanent building society formed in Queensland.
- 1887: The Society incorporated.
- 1921: The company amalgamated with City and Suburban Building Society.
- 1931: The company amalgamated with Queensland Deposit Bank.
- 1942: The company received a licence to operate as a trading bank. Until this point, what became the Bank of Queensland was a savings bank cum building society not a 'trading bank'.
- 1970: The company changed its name to Bank of Queensland and computerized its operations.
- 1971: The bank became a publicly traded company listed on the Australian Stock Exchange.
- 1982: The bank incorporated Bank of Queensland Savings Bank as a wholly owned subsidiary.
- 1999: Bank of Hawaii bought 5.8mn shares (approx. 10%) in Bank of Queensland.
- 2001: Bank of Hawaii sold its 6.2mn shares and 5.4mn convertible notes in Bank of Queensland to refocus on its operations in Hawaii.
Source
Murrell, A. N. 1987. The First One Hundred and Ten Years: Bank of Queensland Limited 1874-1984, A History. Brisbane.
