Newcastle Permanent

Newcastle Permanent

Company type	Private
Industry	Banking and financial services
Founded	2 February 1903 (as Newcastle District Starr-Bowkett Society), 1939 (as Newcastle Cooperative Building and Investment Society Limited) [1]
Headquarters	Newcastle, New South Wales, Australia
Products	Retail Banking
Total assets	AUD $10.7 billion (2019) [2]
Website	www.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. "Newcastle Permanent Annual Report 2019" (PDF). nnewcastlepermanent.com.au. Retrieved 13 September 2024.
3. "Notice of our merger". www.greater.com.au. March 2023. Retrieved 18 March 2023.
4. 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.

External links

• Official website