Heritage Bank: Difference between revisions
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'''Heritage Bank Limited''' is [[Australia]]'s largest [[mutual bank]]. It is customer-owned. Its head office is located in [[Toowoomba]], [[Queensland]], and it operates 61 branches throughout [[South East Queensland]].<ref>[http://www.heritage.com.au/About-Heritage.aspx "About Heritage"]. Retrieved 2014-12-30</ref> |
'''Heritage Bank Limited''' is [[Australia]]'s largest [[mutual bank]]. It is customer-owned. Its head office is located in [[Toowoomba]], [[Queensland]], and it operates 61 branches throughout [[South East Queensland]].<ref>[http://www.heritage.com.au/About-Heritage.aspx "About Heritage"]. Retrieved 2014-12-30</ref> |
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Heritage has assets exceeding $8.5 billion as at 30 June 2013<ref>[http://secure.heritage.com.au/About-Heritage/Financial-Information/Reports.aspx "Financial Information - Reports"]. Retrieved 2014-06-21.</ref> and currently employs approximately 700 staff. It has 100 retail outlets across southern Queensland |
Heritage has assets exceeding $8.5 billion as at 30 June 2013<ref>[http://secure.heritage.com.au/About-Heritage/Financial-Information/Reports.aspx "Financial Information - Reports"]. Retrieved 2014-06-21.</ref> and currently employs approximately 700 staff. It has 100 retail outlets across southern Queensland and provides broker services from offices throughout the rest of Australia. Heritage provides retail and business banking services, as well as insurance products and financial planning services. |
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As a [[mutual organisation]], Heritage is collectively owned by its members, not by shareholders.<ref>[http://secure.heritage.com.au/About-Heritage/Our-Company/Our-Brand.aspx "Our Brand"]. Retrieved 2010-08-25.</ref> |
As a [[mutual organisation]], Heritage is collectively owned by its members, not by shareholders.<ref>[http://secure.heritage.com.au/About-Heritage/Our-Company/Our-Brand.aspx "Our Brand"]. Retrieved 2010-08-25.</ref> |
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Revision as of 00:46, 30 December 2014
 | This article contains promotional content. (March 2012) |
| File:Heritage Bank logo.png | |
| Company type | Bank (Mutual) |
|---|---|
| Industry | Banking and financial services |
| Founded | 1875[1] |
| Headquarters | Toowoomba, Australia |
| Products | Banking, Savings and Mortgages |
| Website | www.heritage.com.au |
Heritage Bank Limited is Australia's largest mutual bank. It is customer-owned. Its head office is located in Toowoomba, Queensland, and it operates 61 branches throughout South East Queensland.[2]
Heritage has assets exceeding $8.5 billion as at 30 June 2013[3] and currently employs approximately 700 staff. It has 100 retail outlets across southern Queensland and provides broker services from offices throughout the rest of Australia. Heritage provides retail and business banking services, as well as insurance products and financial planning services.
As a mutual organisation, Heritage is collectively owned by its members, not by shareholders.[4]
History
Heritage Building Society was formed in 1981 by the merger of Toowoomba Permanent Building Society (est. 1875) and the Darling Downs Building Society (est. 1897). In 2011 the organisation changed its name to Heritage Bank.[5]
Heritage Notes
In October 2009 Heritage was the first mutual Authorised Deposit-taking Institution (ADI) to initiate an ASX listed debt transaction. Heritage raised $50 million from the issue of 500,000 subordinated, unsecured debt securities. The demand for Heritage Notes was extremely strong and the transaction was three times oversubscribed.[6][7]
Sponsorships and alliance programs
Heritage sponsors a number of organisations and events in Queensland, including the Queensland Performing Arts Centre, Queensland Half Marathon, Heritage Toowoomba Royal Show, the Heritage Ag Show, the Queensland Eisteddford and the Heritage Acquisitive Photographic Awards.[8]
Heritage operates a network of alliance partnerships between businesses and community groups such sporting clubs and environmental organisations.
External links
References
- ^ Heritage Bank - History
- ^ "About Heritage". Retrieved 2014-12-30
- ^ "Financial Information - Reports". Retrieved 2014-06-21.
- ^ "Our Brand". Retrieved 2010-08-25.
- ^ "History". Retrieved 2010-08-25.
- ^ "ASX - Announcements released as HBS". Retrieved 2010-08-25.
- ^ "Heritage Notes". Retrieved 2010-08-26.
- ^ "Sponsorships and Events". Retrieved 2010-08-26.