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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 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]
Virgin Money may refer to: . Virgin Money (brand), a financial services brand owned by Virgin Group Virgin Money UK, a British banking and financial services company; Virgin Money Australia, an Australian banking and financial services company owned by the Bank of Queensland
Bank of Queensland Limited’s (ASX:BOQ) most recent return on equity was a substandard 9.29% relative to its industry performance of 10.87% over the past year. An investor may attribute anRead ...
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 ...
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]
Metway Bank was Queensland's largest locally based bank with operations in New South Wales and Victoria. At the time of the merger, Metway Bank had approximately $7.1 billion in assets. It was established as the Metropolitan Permanent Building Society in 1959. In 1988, it converted to bank status and listed on the Australian Stock Exchange (ASX ...
Despite the new ownership, The Rock Building Society retained its original name until its branches were rebranded in 2018 to MyState Bank. [12] The Rock's regional executive manager Peter Fraser assured customers that despite the name change there would be no negatives associated with the rebrand such as branch closures or staff losses. [12]