Bank of Queensland
From Wikipedia, the free encyclopedia
| Bank of Queensland Limited | |
| Type | Public limited company (ASX: BOQ |
|---|---|
| Founded | 1874 |
| Headquarters | Head Office Brisbane, Australia |
| Key people | Neil Roberts, Chairman David Liddy, CEO |
| Industry | Banking |
| Products | financial products and services |
| Website | www.boq.com.au |
The Bank of Queensland (ASX: BOQ), one of the Australian state of Queensland's oldest financial institutions, is a full-service retail bank with a growing network of 215 branches throughout rural, regional and metropolitan Queensland. Since 2002 the Bank has inaugurated an aggressive branch expansion in regional and rural Queensland, and other States and Territories around Australia. The Bank introduced its owner-manager branch program, which permits individuals to open and operate branches of the Bank as franchises of Bank of Queensland. The program appears similar to that of Bendigo Bank, and on March 19th 2007 Bank of Queensland proposed to merge with Bendigo Bank.
In December 2006, Bank of Queensland accidentally issued a VISA card to a cat, when its owner applied for one.[1]
[edit] 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 come 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.
- 2004: Bank of Queensland opened branches in New South Wales, Victoria, and the Australian Capital Territory.
- 2006: Bank of Queensland opened branches in the Northern Territory and Western Australia.
[edit] References and notes
- Murrell, A. N. 1987. The First One Hundred and Ten Years: Bank of Queensland Limited 1874-1984, A History. Brisbane.
- ^ Kate Jones. "Messiah the cat gets credit card with $4000 limit", The Courier-Mail, News.com.au, 2007-01-04. Retrieved on January 5, 2007.
