Cairns Bank
Cairns Bank (formerly and commonly known as "Cairns Penny") is an Australian financial institution, operating primarily in retail banking. It is owned by its customers.[1] It was established in April 1899.[2]
Cairns Bank operates a single outlet at 24 Grafton Street, Cairns City, Queensland (16°55′32″S 145°46′38″E / 16.9256°S 145.7773°E / -16.9256; 145.7773 (Cairns Bank)).[2]
History
On Saturday 22 April 1899, the Cairns Penny Savings Bank opened for the first time. On the first day 86 accounts were opened and a total of £17/1/9 was deposited with the smallest deposit being one penny.[3]
Over the years, the bank has undergone various transformations and name changes due to legislative changes. These are summarised below:[2]
Name | Years | Cause of change |
---|---|---|
Cairns Weekly Penny Savings Bank | April 1899 - 1946 | |
The Cairns Cooperative Weekly Penny Savings Bank | 1946-1987 | Cooperative Societies Act |
Cairns Penny Bank | 1987-2004 | |
Cairns Penny Savings & Loan Limited | 2004-2020 | Banking Act (QLD) 2004 |
Cairns Bank | 2020–present |
See also
- Banking in Australia
- List of banks
- List of banks in Australia
- List of banks in Oceania
- List of oldest companies in Australia
References
Further reading
- The Cairns Co-operative Weekly Penny Savings Bank Ltd. established 1889 : 67 years of progress and development. The Bank. 1966.
- Ryle, Peter; McKenzie, Mary; Cairns Penny Bank (1999). 100 years : the story of the Cairns Penny Bank 1899 to 1999 (1st ed.). Trinity Printers.
External links
- Official website
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Majors (Big Four) |
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Retail | |
Member-owned |
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Defunct |
- Category:Banks of Australia
- Economy of Australia
- Financial system in Australia
- List of banks in Australia