New Bank of Queensland branch a boost to booming North Lakes

The booming North Lakes district just north of Brisbane today received another economic boost with the opening of the suburb’s first Bank of Queensland’s branch by the Mayor of Pine Rivers Shire, Yvonne Chapman.


North Lakes is Bank of Queensland’s newest branch and will be managed by North Lakes resident Jason Lenske.

With Bank of Queensland now the only bank remaining in the nearby suburbs of Kallangur and Deception Bay, the opening of a further branch at North Lakes confirmed the Bank’s commitment to the region.


Pine Rivers Shire Mayor, Cr Yvonne Chapman, welcomed Bank of Queensland to North Lakes at a community opening celebration today.


Cr Chapman said it was refreshing to see banks moving into the Shire rather than moving out as had been happening of late.


“I'm sure the latest branch at North Lakes will be a runaway success. There are already about 3,000 people living at the North Lakes estate and this number is expected to swell to about 25,000 by the Year 2016,” she said.


“That means a lot of new homes and a lot of banking arrangements to be made and the Bank of Queensland will be right here to service the needs of those people,” Cr Chapman said.


North Lakes is Bank of Queensland’s 117th branch and the fourth in Pine Rivers Shire – but certainly won’t be the last. The Bank is investigating additional sites, including at Warner and Brendale, to further expand its presence in the fast-growing Shire.


The Bank’s Managing Director David Liddy said it was all about providing the sort of personal, face-to-face banking which had been all but forgotten by the big banks.


“Whereas the majors are still closing suburban branches and forcing customers to travel miles to do their basic banking, we see each suburb or community as independent and with a need for their own bank.” Mr Liddy said.

“That’s why we’re not only retaining all our existing branches but also actively looking to expand our branch network in this and surrounding Shires.


“These new branches, like North Lakes, will be owner-managed to ensure we have a much stronger connection with and loyalty to customers.


“For example, Jason lives just a few streets away and will be based permanently here at the branch to deal with his customers’ every need.


“As with all our owner-managers, he can make local decisions for local conditions, including approving most loans right here in the branch without referring to a head office down south.”


By August 2004, the Bank will have opened at least 38 new owner-managed branches throughout Queensland in just over two years, taking total branch numbers to 130.