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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]
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 ...
Customer-Owned [31] Qudos Bank: Sydney: 1959: Customer-Owned [32] RACQ Bank [33] Brisbane: 1965: Owned by Royal Automobile Club of Queensland: Regional Australia Bank: Armidale: 1969: Rural Bank (previously Elders Rural Bank) [34] Melbourne: 2000: Subsidiary of Bendigo & Adelaide Bank: St George Bank: Sydney: 1992: Subsidiary of Westpac ...
Suncorp Group Limited, known simply as Suncorp, is an Australian finance, insurance and banking corporation based in Brisbane, Queensland, Australia.It was formed on 1 December 1996 by the merger of Suncorp, Metway Bank and the Queensland Industry Development Corporation (QIDC), and is one of Australia's mid-sized banks (by combined lending and deposits) and its largest general insurance group.
A bank holding company is a corporate entity that owns a controlling interest in one or more banks. While a bank holding company doesn’t offer banking services directly, it manages banks that do.
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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 ...