| | This article needs references that appear in reliable third-party publications. Primary sources or sources affiliated with the subject are generally not sufficient for a Wikipedia article. Please add more appropriate citations from reliable sources. (November 2007) |
Bank of Queensland (ASX: BOQ), one of the oldest financial institutions in Queensland, Australia, is a retail bank with a network of almost 270 branches, including 152 in Queensland, 52 in New South Wales, 23 in Victoria and 34 in Western Australia. Following the Home Building Society and Pioneer mergers, it now has more than 650,000 customers. The bank's BSB code is 124-001.[citation needed]
[edit] Branches
Since 2002 the Bank has undertaken a national branch expansion.[citation needed] The Bank's 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.[citation needed]
[edit] History
[citation needed]
- 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 computerised 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.[citation needed]
- 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 merged with Western Australia-based Home Building Society and the Mackay, Queensland-based Pioneer Permanent Building Society.[citation needed]
[edit] See also
[edit] References
[edit] External links