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
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]
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.
- 1863—1866