Cairns Bank
From Wikipedia the free encyclopedia
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).[2]
History[edit]
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[edit]
- Banking in Australia
- List of banks
- List of banks in Australia
- List of banks in Oceania
- List of oldest companies in Australia
References[edit]
- ^ "About Us". Cairns Bank. Retrieved 12 March 2024.
- ^ a b c "Our history". Cairns Bank. Archived from the original on 12 June 2020. Retrieved 12 June 2020.
- ^ "NOTES AND NOTICES". Morning Post (Cairns). Queensland, Australia. 26 April 1899. p. 7. Retrieved 12 June 2020 – via Trove.
Further reading[edit]
- 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.