Bank
of Queensland Limited
Type Public limited company (ASX:
BOQ
Founded 1874
Headquarters Head Office Brisbane,
Australia
Key people Neil Roberts, Chairman
David Liddy, CEO
The
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 215 branches throughout rural,
regional and metropolitan Queensland.
Since 2002 the Bank has inaugurated
an aggressive branch expansion
in regional and rural Queensland,
and other States and Territories
around Australia. The Bank introduced
its owner-manager branch program,
which permits individuals to open
and operate branches of the Bank
as franchises of Bank of Queensland.
The program appears similar to
that of Bendigo Bank, and on March
19th 2007 Bank of Queensland proposed
to merge with Bendigo Bank.
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 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.
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.
2004:
Bank of Queensland opened branches
in New South Wales, Victoria,
and the Australian Capital Territory.
2006:
Bank of Queensland opened branches
in the Northern Territory and
Western Australia.
