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Bank Of Queensland (1917–1922)
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. 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. Other trading banks named Bank of Queensland ;1863—1866 A Bank of Queensland had been established in London and opened for business in Brisbane on 13 August 1863 in the renovated premises of the former Joint Stock Bank. 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.< ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Royal Bank Of Queensland
The Royal Bank of Queensland was a bank in Queensland, Australia. History The Royal Bank of Queensland commenced operation in Brisbane in February 1886. In 1917, it merged with the Bank of North Queensland creating the Bank of Queensland (1917—1922), Bank of Queensland. In 1922, the Bank of Queensland merged with the National Bank of Australasia. Head Office The early head office was built in 1891 at 180 Queen Street. However, the original building was replaced in 1929–30 by the successor company; the replacement is a heritage-listed building of the (now) National Australia Bank. Heritage listings A number of former Royal Bank of Queensland buildings are still standing and are now heritage listed, including: * Royal Bank of Queensland, Gympie * Royal Bank of Queensland, Helidon * Royal Bank of Queensland, Lowood * Royal Bank of Queensland, Maryborough References {{reflist Royal Bank of Queensland, Defunct banks of Australia 1886 establishments in Australia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of North Queensland
The Bank of North Queensland was formed in 1887 in Townsville with branches in Sydney and London. In 1893 there were branches in: Ayr, Cairns, Charters Towers, Cooktown, Herberton, Normanton, Rockhampton and Thursday Island and agencies at Mareeba, Limestone, and Muldiva. London agents, the London and Westminster Bank. In 1910 it had branches in Northern, Central, and Southern Queensland, including Atherton, Childers and Warwick. There were also branches in the New England area of New South Wales and the vicinity of Sydney, and Agencies throughout Australasia, Great Britain, America, and the East, In 1917 the Bank of North Queensland merged with The Royal Bank of Queensland to form the Bank of Queensland The Bank of Queensland (BOQ), formerly known as the Brisbane Permanent Benefit Building and Investment Society (BPBBIS) between 1874–1970, is an Australian retail bank with headquarters in Brisbane, Queensland. The bank is one of the oldest fi ... References Ban ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Bank Of Australia
The National Bank of Australasia was a bank based in Melbourne. It was established in 1857, and in 1982 merged with the Commercial Banking Company of Sydney to form National Australia Bank. History In 1857, Alexander Gibb, a Melbourne gentleman, enlisted Andrew Cruickshank, a local merchant and pastoralist, to raise the capital to establish National Bank of Australasia with headquarters in Melbourne. The prospectus was published on 18 November 1857. The legal work establishing the bank was performed by a predecessor of King & Wood Mallesons. Cruickshank became its first chairman while Gibb left after being passed over for the position of General Manager. Prior to the opening of the bank, several shareholders took an unsuccessful action in the colony's Supreme Court claiming that Cruikshank and several other directors had been appointed illegally. The first branch opened in Melbourne on 8 October 1858. The bank was incorporated by the Colony of Victoria on 24 February 1859. The ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Queensland (1863–1866)
The Bank of Queensland was a bank in Queensland, Australia. Established in London it opened for business in Brisbane on 13 August 1863 in the renovated premises of the former Joint Stock Bank. There had been just four (trading) banks established in Queensland by late 1862 but all from other Australian colonies, branches of New South Wales Bank, Union Bank of Australia, Australian Joint Stock Bank and the Bank of Australasia. Branches of the Bank of Queensland were shortly opened at Ipswich, Dalby and Rockhampton as well as at Toowoomba and elsewhere. In the midst of the July 1866 collapse of the major London discount house Overend, Gurney and Company the London board of the Bank of Queensland took the opportunity to announce that a major portion of their bank's capital had been lost by poorly chosen advances made on securities of sheep and cattle stations,The London directors seemed to fail to understand the advances were on livestock and wool to be sold in England but it might ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Panic Of 1866
The Panic of 1866 was a financial downturn that accompanied the failure of Overend, Gurney and Company in London. In United Kingdom, Britain, the economic impacts are held partially responsible for public agitation for political reform in the months leading up to the 1867 Reform Act. The crisis led to a sharp rise in unemployment to 8% and a subsequent fall in wages across the country. Similar to the "knife and fork" motives of Chartism in the late 1830s and 1840s, the financial pressure on the British working class led to rising support for greater representation of the people. Groups such as the Reform League saw rapid increases in membership and the organisation spearheaded multiple demonstrations against the political establishment such as the Hyde Park riot of 1866. Ultimately the popular pressure that arose from the banking crisis and the recession that followed can be held partly responsible for the enfranchisement of 1.1 million people as a result of Reform Act 1867, Disr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Overend, Gurney And Company
Overend, Gurney and Company was a London wholesale banking, wholesale discount bank, known as "the bankers' bank", which collapsed in 1866 owing about £11 million, equivalent to £ million in . The collapse of the institution triggered a banking panic. History Early years The business was founded in 1800 as Richardson, Overend and Company by Thomas Richardson, clerk to a London bill discounter, and John Overend, chief clerk in the bank of Smith, Payne and Company at Nottingham (absorbed into the National Provincial Bank in 1902), with Gurney's Bank (absorbed into Barclays Bank in 1896) supplying the capital. At that time, bill-discounting was carried on sporadically by ordinary merchants in addition to their regular business, but Richardson considered that there was room for a London house which should devote itself entirely to the trade in bills. This idea, novel at the time, proved an instant success. Samuel Gurney (1786–1856), Samuel Gurney joined the firm in 1807 and too ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Queensland
The Bank of Queensland (BOQ), formerly known as the Brisbane Permanent Benefit Building and Investment Society (BPBBIS) between 1874–1970, is an Australian retail bank with headquarters in Brisbane, Queensland. The bank is one of the oldest financial institutions in Queensland, having begun as a building society. It now has 111 owner-managed branches throughout Australia, including thirty-six corporate branches and third-party intermediaries. They also have over 2,300 ATMs. The bank also owns Virgin Money Australia and ME Bank. In 2021, customer satisfaction with BOQ was rated at 82.9% by Roy Morgan. In 2007 customer satisfaction levels were placed at 88%. The bank does not currently have any board directors who are based in Queensland. History A Bank of Queensland was established in 1863. It collapsed in 1866 closing its doors in the severe financial depression known as the Panic of 1866. Another bank took the same name in 1917 but disappeared into the National Bank i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1917
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ancie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Defunct Banks Of Australia
{{Disambiguation ...
Defunct may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the process of becoming antiquated, out of date, old-fashioned, no longer in general use, or no longer useful, or the condition of being in such a state. When used in a biological sense, it means imperfect or rudimentary when comp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic History Of Queensland
The economy of Queensland is the third largest economy within Australia. Queensland generated 19.5% of Australia's GDP, gross domestic product in the 2008-09 financial year. The economy is primarily built upon mining, agriculture, tourism and financial services. Queensland's main exports are coal, metals, meat and sugar. Western Australia and Queensland are often referred to as the "resource states" because their economies are currently dependent on exports of resources such as coal, iron ore and natural gas. However, of the two states, Queensland has a more diversified base. In 2006, exports from Queensland totaled A$49.4 billion. By 2009 this figure had grown to A$65.5 billion. Brisbane is Globalization and World Cities Research Network, categorised as a global city, and is among Asia-Pacific List of cities by GDP, cities with largest GDPs. It has strengths in mining, banking, insurance, transportation, information technology, real estate and food industry, food. Some of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
