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About: Bank of Queensland (1917–1922)     Goto   Sponge   NotDistinct   Permalink

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The Bank of Queensland was a bank in Queensland, Australia. It flourished between 1917 and 1922. It was created by the January 1917 merger of the Royal Bank of Queensland with the Bank of North Queensland. The National Bank was not well represented in Queensland and, intending to expand itself into a truly national institution, bought the Bank of Queensland for cash on 9 January 1922 "for a price corresponding with the actual assets of £520,000". Their offer was accepted by the former shareholders immediately after it was approved by the National Bank's shareholders.