In 1874, the Brisbane Permanent Benefit Building and Investment Society was created in Queensland, the state’s first permanent building society, establishing the company that what would later become the Bank of Queensland. The Society was incorporated in 1887, and went on to amalgamate several other financial institutions over the next few decades. In 1942 the company was granted a licence to become a fully operational trading bank.
The company changed its name to Bank of Queensland in 1970 and the following year was listed on the Australian Stock Exchange as a publicly traded company. In 1982, BoQ merged with Bank of Queensland Savings Bank. The 21st Century has been a time of lively expansion for BoQ, with the opening of many branches across the country including in New South Wales, Victoria, and the Australian Capital Territory. In 2002, BoQ bought up ATM Solutions, creating the second largest ATM network in the country.
BoQ is one of the most well established financial institutions in Queensland, operating for over 137 years. After recent mergers with Home Building Society and the Mackay, Queensland-based Pioneer Permanent Building Society, BoQ now has more than 650,000 customers across Australia. The bank has 152 branches in Queensland, 52 in New South Wales, 23 in Victoria and 34 in Western Australia – a total of almost 270.