Newcastle Permanent
TypePrivate
IndustryBanking and financial services
Founded2 February 1903 (as Newcastle District Starr-Bowkett Society), 1939 (as Newcastle Cooperative Building and Investment Society Limited) (2 February 1903 (as Newcastle District Starr-Bowkett Society), 1939 (as Newcastle Cooperative Building and Investment Society Limited))[1]
HeadquartersNewcastle, New South Wales,
Australia
ProductsRetail Banking
Total assetsAUD $10.7 billion (2019)[2]
Websitewww.newcastlepermanent.com.au

Newcastle Permanent was an Australian building society, and is now a brand of Newcastle Greater Mutual Group,[3] as a result of a merger with Greater Bank.[4] Its head office is located in Newcastle, New South Wales, Australia.

History

  • 1903 – Founded as a Starr-Bowkett Society in the Newcastle suburb of Wickham on 2 February 1903
  • 1939 – Newcastle Permanent Building Society was established
  • 1966 – First branch was opened to customers
  • 1970 – Introduced its famous ‘house’ logo
  • 1983 – Relocation of office headquarters to King St, Newcastle
  • 1984 – Installation of Newcastle Permanent's first ATM
  • 2001 – Internet banking was launched for Newcastle Permanent customers
  • 2004 – The Charitable Foundation distributed its first grant
  • 2018 – Celebrated 115 years of banking.
  • 2023 – Merged with Greater Bank

In November 2022, Newcastle Permanent's members voted to merge the society with Greater Bank, to take effect in March 2023, provided regulatory approval.[5] Both brands were planned to continue.[4]

References

  1. ↑ Newcastle Permanent website: Our History
  2. ↑ https://www.newcastlepermanent.com.au/-/media/files/annual-reports-and-corporate-docs/newcastlepermanent_annualreport_2019.pdf
  3. ↑ "Notice of our merger". www.greater.com.au. March 2023. Retrieved 18 March 2023.
  4. 1 2 Kelly, Matthew (27 September 2022). "Members have their say on Newcastle Perm - Greater Bank merger". Newcastle Herald. Retrieved 29 September 2022.
  5. ↑ Kirkwood, Ian (2 November 2022). "What the Greater Bank and Newcastle Permanent merger means for banking with the big four". Newcastle Herald. Retrieved 8 November 2022.
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