Cairns Bank (formerly and commonly known as "Cairns Penny") is an Australian financial institution, operating primarily in
retail banking
Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking (corporate ...
. It is owned by its customers. It was established in April 1899.
Cairns Bank operates a single outlet at 24 Grafton Street,
Cairns City,
Queensland
Queensland ( , commonly abbreviated as Qld) is a States and territories of Australia, state in northeastern Australia, and is the second-largest and third-most populous state in Australia. It is bordered by the Northern Territory, South Austr ...
().
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 was deposited with the smallest deposit being one penny.
Over the years, the bank has undergone various transformations and name changes due to legislative changes. These are summarised below:
See also
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Banking in Australia
Banking in Australia is dominated by four major banks: Commonwealth Bank, Westpac, Australia & New Zealand Banking Group and National Australia Bank. There are several smaller banks with a presence throughout the country which includes Bendigo a ...
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List of banks
Lists of banks are contained in the following articles:
By continent
* List of banks in Africa – Each country in Africa has a list of banks operating in that country
* List of banks in Asia – Each country in Asia has a list of banks oper ...
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List of banks in Australia
The following is the list of Banking in Australia, banks in Australia, as well as restricted Authorised deposit-taking institution, authorised deposit-taking institutions (ADI), credit unions, friendly society, friendly societies and subsidia ...
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List of banks in Oceania
This is a list of banks in Oceania
Australia
Central bank
*Reserve Bank of Australia
Major banks
*Australia & New Zealand Banking Group, ANZ Bank
**Suncorp Bank, Suncorp
*Commonwealth Bank
**Bankwest
*Macquarie Group, Macquarie Bank
*National ...
*
List of oldest companies in Australia
This list of oldest businesses and companies in Australia includes businesses, whether incorporated or organised in a different form (such as a partnership). However, the list excludes non-commercial associations and educational, governmental, or ...
References
Further reading
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External links
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{{Banking in Australia
Banks of Australia
Banks established in 1899
Mutual savings banks in Australia
Cairns, Queensland
Australian companies established in 1899