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Bank of Queensland incorporated Bank of Queensland Savings Bank as a wholly owned subsidiary in 1982. In 1991 BOQ acquired Stowe Electronic Switching Pty Ltd and renamed it Queensland Electronic Switching Pty Ltd. In 1999, Bank of Hawaii bought 5.8 m shares (approx. 10%) in Bank of Queensland. Two years later Bank of Hawaii sold its 6.2 m ...
In 2007 Bendigo Bank rejected Bank of Queensland's merger/takeover proposal, [6] and merged with Adelaide Bank. The A$4 billion takeover was completed on 30 November. [2] Subsequently, shareholders voted to change the company's name to Bendigo and Adelaide Bank Limited, with the change taking effect from 31 March 2008. [7]
ME Bank, also known as ME, is an Australian direct bank based in Melbourne.It became a subsidiary of Bank of Queensland in July 2021.. Founded in 1994 as Super Member Home Loans (SMHL) by Australia's industry superannuation funds, SMHL became Members Equity Bank in 1999, and received a banking licence from the Australian Prudential Regulatory Authority (APRA) in July 2001 and was approved by ...
The new head office was set up in the former Queensland National Bank building on the corner of Queen and Creek Streets. In 1983 the National Bank of Australasia merged with the Commercial Banking Corporation to form the National Australia Bank. [1] The bank no longer owns the building. It was sold in 2012 for $29.5 million. [2]
Banking in Australia is dominated by four major banks: Commonwealth Bank, Westpac, Australia & New Zealand Banking Group and National Australia Bank.There are several smaller banks with a presence throughout the country which includes Bendigo and Adelaide Bank, Suncorp Bank, [1] and a large number of other financial institutions, such as credit unions, building societies and mutual banks ...
The Bank of Queensland's name has since been taken by the Brisbane Permanent Benefit Building and Investment Society, Queensland's first permanent building society founded in 1874 and incorporated in 1887 when it began operations as a savings bank. Licensed as a trading bank in 1942 it took on the name Bank of Queensland in 1970.
A Bank of Queensland had been established in London [3] and opened for business in Brisbane on 13 August 1863 in the renovated premises of the former Joint Stock Bank. [ 4 ] Caught by the fall-out from the July 1866 collapse of the major London discount house Overend, Gurney and Company , the shareholders agreed at the end of 1866 to ...
In 2013 Virgin Money Australia was bought by Bank of Queensland for $40 million. [1] Under the deal, Bank of Queensland have rights to the Virgin Money name in Australia for four decades while paying royalties to the Virgin Group, and Virgin has a seat on the board of Bank of Queensland. [7]