The opening today of Algester's first bank was a community affair, with local business and community leaders joining in the celebrations to welcome Bank of Queensland into the suburb.
In officially opening Bank of Queensland Algester, Federal Member for Rankin Dr Craig Emerson emphasised the importance of quality banking services to an area's social and economic well-being.
"The opening of Bank of Queensland at Algester will continue to boost the growth and development in Algester, Parkinson and surrounding suburbs," Dr Emerson said.
"Banking services are extremely valuable to an area and Bank of Queensland's move into the area is a positive step," he said.
Bank of Queensland Managing Director David Liddy agreed with Dr Emerson's comments, saying Bank of Queensland is supporting communities throughout metropolitan, regional and rural Queensland by expanding the Bank's branch network and providing communities with their own local banker.
"Bank of Queensland Algester will be owned and managed by local banking professional, Shane Nolan," Mr Liddy said.
"Our unique owner-manager model has brought banking back in touch with the community.
"Our presence in Algester will bring face-to-face personal and business banking facilities into the area - something we have achieved in 22 other communities over the past 18 months where we have opened new branches," Mr Liddy said.
Algester owner-manager Shane Nolan is excited about bringing friendly, face-to-face banking to the area.
"I believe my 30 years' experience in retail banking, local knowledge and my focus on customer service, will help make this Bank of Queensland branch a real asset to the Algester and Parkinson communities," Mr Nolan said.
By August 2004, the Bank will have opened at least 38 new branches throughout Queensland in just over two years - a significant investment in the State.