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. It was established in April 1899.
Cairns Bank operates a single outlet at 24 Grafton Street, Cairns City, Queensland ().
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: +NameYearsCause of changeCairns Weekly Penny Savings BankApril 1899–1946The Cairns Cooperative Weekly Penny Savings Bank1946–1987Cooperative Societies ActCairns Penny Bank1987–2004Cairns Penny Savings & Loan Limited2004–2020Banking Act (QLD) 2004Cairns Bank2020–present
See also
Banking in Australia List of banks List of banks in Australia List of banks in Oceania List of oldest companies in Australia
References
Further reading
External links