Cairns_Bank

Cairns Bank

Cairns Bank

Australian financial institution

Cairns Bank (formerly and commonly known as "Cairns Penny") is an Australian financial institution, operating primarily in retail banking. It is owned by its customers.[1] It was established in April 1899.[2]

Cairns Bank operates a single outlet at 24 Grafton Street, Cairns City, Queensland (16.9256°S 145.7773°E / -16.9256; 145.7773 (Cairns Bank)).[2]

History

On Saturday 22 April 1899, the Cairns Penny Savings Bank opened for the first time. On the first day 86 accounts were opened and a total of £17/1/9 was deposited with the smallest deposit being one penny.[3]

Over the years, the bank has undergone various transformations and name changes due to legislative changes. These are summarised below:[2]

More information Name, Years ...

See also

References

  1. [1]
    "About Us". Cairns Bank. Retrieved 12 March 2024.
  2. [2]
    "Our history". Cairns Bank. Archived from the original on 12 June 2020. Retrieved 12 June 2020.
  3. [3]
    "NOTES AND NOTICES". Morning Post (Cairns). Queensland, Australia. 26 April 1899. p. 7. Retrieved 12 June 2020 – via Trove.

Further reading
Share this article:

This article uses material from the Wikipedia article Cairns_Bank, and is written by contributors. Text is available under a CC BY-SA 4.0 International License; additional terms may apply. Images, videos and audio are available under their respective licenses.