Heritage Bank

For Heritage Bank, Nigeria, see Heritage Banking Company Limited.
Heritage Bank
Bank (Mutual)
Industry Banking and financial services
Founded 1875 as Toowoomba Building Society[1]
Headquarters Toowoomba, Australia
Products Banking, Savings and Mortgages
Website www.heritage.com.au

Heritage Bank Limited is Australia's largest mutual bank. Its head office is located in Toowoomba, Queensland, and it operates 61 branches throughout South East Queensland.[2] A historical brand of the bank is the Toowoomba Permanent Building Society.

Heritage has assets exceeding $8.5 billion as at 30 June 2014[3] and currently employs approximately 700 staff. The bank has 100 retail outlets across southern Queensland, offices in every state capital, and lends to customers around Australia via a national network of mortgage brokers.

Products and Services

Heritage provides retail, business and agribusiness banking services, as well as superannuation, insurance products and financial planning.[4]

Ownership

As a mutual organisation, Heritage is collectively owned by its members, not by shareholders.[5]

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.[6]

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.[7][8]

Sponsorships and community support

Heritage sponsors a number of organisations and events in Queensland, including the Queensland Performing Arts Centre, Ekka, Queensland Half Marathon, the Queensland Eisteddford, the Heritage Acquisitive Photographic Awards, Heritage Toowoomba Royal Show, the Heritage Ag Show,.[9]

See also

External links

References

  1. ↑ Heritage Bank - History
  2. ↑ "About Heritage". Retrieved 2014-12-30
  3. ↑ "Financial Information - Reports". Retrieved 2014-12-30.
  4. ↑ "Heritage Bank". Retrieved 2014-12-30.
  5. ↑ "Our Brand". Retrieved 2010-08-25.
  6. ↑ "History". Retrieved 2010-08-25.
  7. ↑ "ASX - Announcements released as HBS". Retrieved 2010-08-25.
  8. ↑ "Heritage Notes". Retrieved 2010-08-26.
  9. ↑ "Sponsorships and Events". Retrieved 2014-12-30.
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