Bank of Queensland
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| Bank of Queensland Limited | |
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| Type | Public (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 |
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 almost 270 branches, including 152 in Queensland, 52 in New South Wales, 23 in Victoria and 34 currently in WA along with branches in every other State and Territory. With the Home Building Society and Pioneer mergers it now has more than 650,000 customers
The bank's BSB code is 12.
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[edit] Branches
Since 2002 the Bank has undertaken an aggressive national branch expansion, making it the country's fastest-growing retail bank.[citation needed]
The Bank's unique Owner-Managed Branch model permits individuals to own and operate local branches of the Bank as franchises, while receiving the backing of Bank of Queensland's product range and support.
[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 (BoQ) 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.
- 1991: BoQ acquired Stowe Electronic Switching Pty Ltd and renamed it Queensland Electronic Switching Pty Ltd.
- 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.
- 2003: BoQ acquired the equipment financing business of UFJ Bank in Australia and New Zealand. The bank also acquired ATM Solutions, giving it the second largest ATM network in Australia.
- 2004: BoQ opened branches in New South Wales, Victoria, and the Australian Capital Territory.
- 2005: BoQ acquired the $78 million debtor finance division of ORIX Australia, further strengthening BoQ's position in the debtor finance industry.
- 2006: BoQ acquired Queensland-based Pioneer Permanent Building Society and opened branches in the Northern Territory and Western Australia.
- 2007: Bank of Queensland tried to merge with Bendigo Bank, another Australian regional bank; Bendigo Bank's board rebuffed the offer. The boards of Western Australia-based Home Building Society and the Mackay, Queensland-based Pioneer Permanent Building Society, however, did agree to merge with BoQ.
[edit] See also
[edit] References
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