Bank of Queensland opens its 150th branch and fifth branch for Victoria in a Bourke Street double

Victoria got another dose of Bank of Queensland today with the opening of the Banks 150th branch and second branch for Melbournes Bourke Street.


The new branch, located at 163 Bourke Street, is the Banks sixth branch in Victoria and joins other Bank of Queensland branches in the State at 455 Bourke Street, Frankston, Richmond, Doncaster East and Geelong.


Bank of Queensland has now opened 13 branches outside of Queensland which includes seven branches in New South Wales at Byron Bay, Kingscliff, North Parramatta, Dee Why, Menai, Grafton and 136 Castlereagh Street in Sydneys CBD.


Bank of Queensland has grown from 93 to 150 branches since David Liddy was appointed Managing Director of the Bank in April 2001 and expects to open 100 branches outside of Queensland by August 2006.


The branch at 163 Bourke Street, like all of Bank of Queenslands new branches has been opened under the Banks unique Owner-Managed-Branch (OMB) model in which the Bank partners with exceptional local bankers.


Bank of Queensland 163 Bourke Street will be owner-managed by Richard Chan who brings more than 20 years banking and finance experience to the local area.


Mr Chan said he is very excited about bringing a different style of banking to the community.


I believe that Melbournes inner-city community will respond to a genuine alternative to the Big Four, Mr Chan said.


In this day and age, when many banks are reducing their contact with the community and redirecting their customers to automated call centres, its great being able to go into a community and really make a difference simply by providing genuine face-to-face service, he said.


Richard will also open his branch for trade on Saturday mornings to make banking with Bank of Queensland even more convenient and accessible for Melbournes inner-city community.


BOQ Managing Director David Liddy said the Bank has been overwhelmed with the support of the Victorian community and will continue.


We are here to stay as part of Victorias booming financial sector. Bank of Queenslands branches are owner-managed by local business people and the competition can only be good for Victorian banking customers, he said.


Mr Liddy said Bank of Queenslands owner-managed branches, in which top bankers partner the bank as branch managers, meant that local bankers owned and ran the full-service Bank of Queensland branches. They are supported by more than 1800 BOQ ATMs throughout Australia, along with full phone and internet banking resources.


It is the perfect partnership. Bank of Queensland empowers its owner-managers to provide the very best in service. Like small business people across the country, they can make local decisions through a strong understanding of their customers needs, he said.


Bank of Queensland is expected to create more than 500 new full-time equivalent jobs from the branch roll-out in Victoria and New South Wales.