First Australian Building Society

First Australian Building Society was a building society that operated in Queensland between 1997 and 2000.

First Australian Building Society
TypePublic
ASX: FST [1]
IndustryBanking
Founded1997
Defunct1 September 2001
HeadquartersIpswich

History

The Ipswich and West Moreton Building Society, established in 1877, merged with the First Provincial Building Society on 4 November 1996.[2]

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.[3][4]

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".[1]

On 5 June 2000 First Australian and Bendigo Bank announced a merger [5] and on 1 September 2001 the merger completed. Directors Neal Axelby and Terry O'Dwyer were appointed to the board of Bendigo Bank.[6]

References
  1. "Removals from the Official List 2000". Fact Book 2001 (PDF). ASX. p. 42. Archived from the original (PDF) on 2 February 2007. Retrieved 15 February 2007.
  2. "Ipswich & West Moreton Building Society". 8 December 2006. Archived from the original on 13 October 2004. Retrieved 15 February 2007.
  3. Ayling, Phil (15 December 1997). "Building society mergers to create provincial bank". Australian Banking & Finance. Archived from the original on 23 May 2009. Retrieved 15 February 2007.
  4. "AFIC Annual Report Building Society Review". Australian Financial Institution Commission. 1997. Archived from the original on 28 September 2007. Retrieved 15 February 2007.
  5. "Bendigo Bank and First Australian to merge". 5 June 2000. Retrieved 15 February 2007.
  6. "New director joins the board of Bendigo Bank". 1 March 2006. Retrieved 15 February 2007.
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