First Australian Building Society
- First Australian Building Society
Infobox Company
company_name = First Australian Building Society
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company_type = Public ASX: FST
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foundation = 1997
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location = Ipswich
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area_served =
industry = Banking
products =
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dissolved = 1st September 2001
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First Australian Building Society was a building society that operated in Queensland between 1997 and 2000.
History
The Ipswich and West Moreton Building Society, established in 1877, merged with the "First Provincial Building Society" on November 4 1996. [cite web | url = http://www.epa.qld.gov.au/projects/heritage/index.cgi?place=600574&back=1 | title = Ipswich & West Moreton Building Society | date = 2006-12-08 | accessdate = 2007-02-15 ]
"First Australian" was established in December 1997 with a merger of "First Provincial Building Society", "Northern Building Society" and Sunstate Credit Union to create Queenslands largest building society. [cite web | url = http://www.highbeam.com/doc/1G1-21068396.html | title = Building society mergers to create provincial bank | work = Australian Banking & Finance | date = 1997-12-15 | quthor = Ayling, Phil | accessdate = 2007-02-15 ] [cite web | url = http://www.aapbs.com.au/pr04.htm | title = AFIC Annual Report Building Society Review | work = Australian Financial Institution Commission | date = Annual Report 1997/98 | accessdate = 2007-02-15 ]
Operation
The society's main activities were retail investments and mortgages, with other services including commercial lending, consumer lending, credit card facilities and business products.
First Australian operated two brands, "Northern Building Society" in North Queensland and "First Provincial Building Society" in Southern Queensland, with a total of 48 branches and 20 agencies across Queensland, and 430 staff.
The building society was listed on the Australian Stock Exchange as "FST".[cite book | url = http://www.asx.com.au/about/pdf/FactBook2001.pdf | chapter = Removals from the Official List 2000 | title = Fact Book 2001 | publisher = ASX | pages = p42 | accessdate = 2007-02-15 ] ]On June 5, 2000 First Australian and Bendigo Bank announced a merger [cite web | url = http://www.vsc.com.au/news_archive_dbdetail.asp?nID=120 | title = Bendigo Bank and First Australian to merge | date = 2000-06-05 | accessdate = 2007-02-15 ] and on September 1, 2001 the merger completed. Directors Neal Axelby and Terry O'Dwyer were appointed to the board of Bendigo Bank. [cite news | url = http://www.bgonews.com/news_local/mar06/64.shtml | title = New director joins the board of Bendigo Bank | date = 2006-03-01 | accessdate = 2007-02-15 ]
References
External links
* [http://www.delisted.com.au/Company/3161 Delisted Company: First Australian Building Society]
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