The Sutherland Shire’s strong growth prospects have attracted a new competitor to the banking market, with the Bank of Queensland opening two new owner-managed branches over the coming month.
The locally owned and managed branches in Cronulla and Miranda will increase banking services in the region, providing local businesses and residents with new business opportunities and greater convenience.
Bank of Queensland Managing Director David Liddy said the BOQ Owner-Managed Branch ModelTM allowed top-notch local bankers to not only manage, but own their very own branch and offer genuine service to the community.
“The Owner-Managed Branch, which is a full-service bank, not some sort of agency, has already proved itself across three States,” Mr Liddy said.
“Our OMB model brings the best of both worlds to the Sutherland Shire – all the security and strength of a 130-year-old bank combined with the service and local knowledge of a small business.
“In this day and age, when many banks are reducing their contact with the community and re-directing their customers to automated call centres, it’s great being able to go into a community and really make a difference simply by providing genuine person2person service,” he said.
The branches will be located in Cronulla Street, Cronulla, and at Kingsway Shopping Centre, Miranda, and will provide locals an alternative to the big five who have dominated the banking market in the local area.
“My experience has taught me that bank customers want to deal with a bank that is accessible, locally based and understands the local community – everything the Bank of Queensland Cronulla will offer,” said Cronulla Owner-Manager, Steve Jemmeson.
“Ownership of our own small business – the branch - allows us to understand the goals and operations of other small businesses and their need for personalised service,” he said.
“We see a lot of potential in the Sutherland Shire and are here to support the development and growth of the local area as well as the wider community.”
BOQ Miranda will be owned and managed by husband and wife team, Stephen and Lauren Sargent, who are “relishing the opportunity” to personally serve customers when the branch opens in late April.
”We are really looking forward to meeting some members of the local community, and invite residents and businesses to simply drop in over the coming weeks to see just what a difference having two real, personal bank managers can make,” said Lauren.