Bank of Queensland will reverse the trend of bank closures in Sydney’s inner suburbs when it opens two of its unique Owner-Managed Branches – in Kensington and Maroubra Junction – in the next few months.
Owner-Managed Branches allow experienced local bankers to both own and manage a Bank of Queensland branch in their local community, ensuring local decision-making and much higher standards of service for customers.
Bank of Queensland will be the only bank in Kensington, which residents will be aware has suffered the social and economic effects of two bank closures in recent years.
The branch will be owned and managed by Christopher Alexandrou and Greg Macki is expected to provide a welcome shot in the arm for the local community and economy.
At Maroubra Junction, Owner-Manager Mick Bradley will take on the big banks in the area, offering BOQ’s exceptional person2person service to the community.
Bank of Queensland will also open branches at Burwood, Campbelltown, Castle Hill, Chatswood, Hurstville, Kellyville, Miranda, North Sydney, Penrith and World Square (Haymarket) over the next three months on its way to having 100 Owner-Managed Branches throughout New South Wales and Victoria by August next year.
Bank of Queensland has already opened branches in Manly, North Parramatta, Dee Why, Menai and the CBD in Sydney, Byron Bay, Kingscliff, Grafton, and Ballina in northern New South Wales, along with City Walk in Canberra.
Bank of Queensland Managing Director David Liddy said the Bank was starting to see strong results from these first interstate branches.
“This is particularly rewarding as it proves that the Bank of Queensland franchised branch model, which has proved so successful in Queensland over the last three years, can be equally successful interstate,” Mr Liddy said.
“Owner-Managed Branches offer a full range of banking services, unequalled personal service, and the safety and security of a 130-year-old financial institution.
“We are searching for further top-level bankers who meet our exacting standards and would like to open Bank of Queensland branches in other Sydney suburbs,” he said.