The opening today of Nundah's only bank - and Bank of Queensland's newest branch - will be a welcome catalyst for the Northside suburb's ongoing development, according to Lord Mayor Tim Quinn.
In officially opening Bank of Queensland Nundah, Cr Quinn emphasised the importance of quality banking services to an area's social and economic well-being.
"The opening of Bank of Queensland together with the Brisbane City Council's innovative $2.5 million Suburban Centre Improvement Project (SCIP) at Nundah will continue to boost the local business growth and development in the area," Cr Quinn said.
"Banking services are valuable to an area and I congratulate Bank of Queensland for being forward-thinking and having faith in the Nundah community," he said.
The residents and business owners in Nundah have been without their own bank since 2000, after the 'big four' branches abandoned the area.
Bank of Queensland Managing Director David Liddy endorsed Cr Quinn's comments, saying Bank of Queensland was now an intrinsic part of the Nundah community and will share in its future, helping to restore the character and unique identity of the suburb.
"Our presence will bring face-to-face personal and business banking facilities into the area - something we have achieved in 21 other suburban and regional communities over the past 18 months where we have opened new branches," Mr Liddy said.
Nundah branch owner-managers and local businessmen Jim Georgiou and Paul Norris are excited about playing a big role in re-defining Nundah - bringing back banking to an area that has been starved of banking facilities.
"We hope to play our part in bringing Nundah back to life and are looking forward to building strong and lasting relationships with the community," Mr Georgiou said.
The branch is located at the Bank of Queensland Centre, on the corner of Sandgate Road and Oliver Street.