The Bank of Queensland was a bank in Queensland, Australia. It flourished between 1917 and 1922. It was created by the January 1917 merger of the Royal Bank of Queensland with the Bank of North Queensland.[1]
The National Bank was not well represented in Queensland and, intending to expand itself into a truly national institution, bought the Bank of Queensland for cash on 9 January 1922 "for a price corresponding with the actual assets of £520,000". Their offer was accepted by the former shareholders immediately after it was approved by the National Bank's shareholders.[2]
Other trading banks named Bank of Queensland
edit- 1863—1866
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 voluntarily wind the bank up.[5]
- 1970—
The Bank of Queensland's name has since been revived by a different institution. The former Brisbane Permanent Benefit Building and Investment Society, which had operated as a savings bank since 1887 and then as a trading bank since 1942, took on the name Bank of Queensland in 1970.
Notes
editReferences
edit- ^ The Week (Brisbane, Qld. : 1876 - 1934) Fri 26 Jan 1917 Page 21 Trove accessed 25 May 2020
- ^ Warwick Daily News (Qld. : 1919 -1954) Tue 10 Jan 1922 Page 5 Trove accessed 25 May 2020
- ^ The Argus (Melbourne, Vic. : 1848 - 1957) View title info Wed 4 Mar 1863 Page 7
- ^ North Australian and Queensland General Advertiser (Ipswich, Qld. : 1862 - 1863) Thu 13 Aug 1863 Page 3
- ^ Queensland Times, Ipswich Herald and General Advertiser (Qld. : 1861 - 1908) Thu 27 Dec 1866 Page 4
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