First Australian Building Society
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| First Australian Building Society | |
| Type | Public ASX: FST [1] |
|---|---|
| Founded | 1997 |
| Headquarters | Ipswich |
| Industry | Banking |
| Dissolved | 1st September 2001 |
First Australian Building Society was a building society that operated in Queensland between 1997 and 2000.
Contents |
[edit] History
The Ipswich and West Moreton Building Society, established in 1877, merged with the First Provincial Building Society on November 4 1996.[2]
First Australian was established in December 1997 with a merger of First Provincial Building Society, Northern Building Society and Sunstate Credit Union to create Queenslands largest building society.[3][4]
[edit] Operation
The society's main activities were retail investments and mortgages, with other services including commercial lending, consumer lending, credit card facilities and business products.
First Australian operated two brands, "Northern Building Society" in North Queensland and "First Provincial Building Society" in Southern Queensland, with a total of 48 branches and 20 agencies across Queensland, and 430 staff.
The building society was listed on the Australian Stock Exchange as "FST".[1]
On June 5, 2000 First Australian and Bendigo Bank announced a merger [5] and on September 1, 2001 the merger completed. Directors Neal Axelby and Terry O'Dwyer were appointed to the board of Bendigo Bank.[6]
[edit] References
- ^ a b "Removals from the Official List 2000", Fact Book 2001. ASX, p42. Retrieved on February 15, 2007.
- ^ Ipswich & West Moreton Building Society (December 8, 2006). Retrieved on February 15, 2007.
- ^ Building society mergers to create provincial bank. Australian Banking & Finance (December 15, 1997). Retrieved on February 15, 2007.
- ^ AFIC Annual Report Building Society Review. Australian Financial Institution Commission (Annual Report 1997/98). Retrieved on February 15, 2007.
- ^ Bendigo Bank and First Australian to merge (June 5, 2000). Retrieved on February 15, 2007.
- ^ "New director joins the board of Bendigo Bank", March 1, 2006. Retrieved on February 15, 2007.
