Family Services Building, Brisbane, 2015

The Queensland Government Savings Bank was a bank in

Queensland ) , nickname = Sunshine State , image_map = Queensland in Australia.svg , map_caption = Location of Queensland in Australia , subdivision_type = Country , subdivision_name = Australia , established_title = Before federation , established_ ...

, Australia. It was operated by the

Queensland Government The Queensland Government is the democratic administrative authority of the Australian state of Queensland. The Government of Queensland, a parliamentary constitutional monarchy was formed in 1859 as prescribed in its Constitution, as amended fr ...

. It was also known as the Government Savings Bank of Queensland.

History

The Queensland Government Savings Bank was established by one of the earliest pieces of legislation enacted by the government of the new colony of Queensland in 1861. Intended to encourage small deposit saving by working people, savings banks could be established by the gazettal of an application by ten or more house or landholders in any community of more than 500 people. In 1864, the Government Savings Bank Bill provided a government guarantee to protect trustees and deposits and to allow depositors to easily transfer accounts from one town to another. Over time it absorbed the: * Moreton Bay Savings Bank (1856-1865) * Ipswich Savings Bank (1861-1866) * Toowoomba Savings Bank (1862-1867) The

Commonwealth Bank of Australia The Commonwealth Bank of Australia (CBA), or CommBank, is an Australian multinational bank with businesses across New Zealand, Asia, the United States and the United Kingdom. It provides a variety of financial services including retail, busine ...

was founded under the Commonwealth Bank Act of 1911. This empowered the Bank to transact both savings and trading business under the security of a guarantee from the

Federal government A federation (also known as a federal state) is a political entity characterized by a union of partially self-governing provinces, states, or other regions under a central federal government (federalism). In a federation, the self-governin ...

. It opened its first branch for business on 15 July 1912 in

Melbourne Melbourne ( ; Boonwurrung/Woiwurrung: ''Narrm'' or ''Naarm'') is the capital and most populous city of the Australian state of Victoria, and the second-most populous city in both Australia and Oceania. Its name generally refers to a met ...

and soon opened agencies in post offices throughout

Victoria Victoria most commonly refers to: * Victoria (Australia), a state of the Commonwealth of Australia * Victoria, British Columbia, provincial capital of British Columbia, Canada * Victoria (mythology), Roman goddess of Victory * Victoria, Seychelle ...

. The Queensland branch was opened on 16 September 1912. Post offices were used as agencies throughout the country as they had been transferred to Commonwealth control after Federation. The Queensland Government Savings Bank merged with the Commonwealth Bank of Australia, transferring the business and assets on 8 December 1920 .

Notable buildings

Notable buildings occupied by the bank include: * Commonwealth Bank Building, Mount Morgan *

Family Services Building Family Services Building is a heritage-listed office building at 171 George Street, Brisbane City, City of Brisbane, Queensland, Australia. It was designed by George Gerald Hutton and built from 1914 to 1922. It is also known as former Admi ...

Brisbane Brisbane ( ) is the capital and most populous city of the states and territories of Australia, Australian state of Queensland, and the list of cities in Australia by population, third-most populous city in Australia and Oceania, with a populati ...

Gympie Lands Office Gympie Lands Office is a heritage-listed former court house and public administration building at 26 Channon Street, Gympie, Queensland, Australia. It was designed by Department of Public Works (Queensland), Queensland Department of Public Work ...

Gympie Gympie ( ) is a city and a Suburbs and localities (Australia), locality in the Gympie Region, Queensland, Australia. In the Wide Bay-Burnett District, Gympie is about north of the state capital, Brisbane. The city lies on the Mary River (Queen ...

References

Attribution

{{QHR-CC-2014 Articles incorporating text from the Queensland Heritage Register Banks established in 1861 1861 establishments in Australia Banks disestablished in 1920 1920 disestablishments in Australia 1920 mergers and acquisitions