Cairns Bank

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.^[1] It was established in April 1899.^[2]

Cairns Bank operates a single outlet at 24 Grafton Street, Cairns City, Queensland (16.9256°S 145.7773°E / -16.9256; 145.7773 (Cairns Bank)).^[2]

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 £17/1/9 was deposited with the smallest deposit being one penny.^[3]

Over the years, the bank has undergone various transformations and name changes due to legislative changes. These are summarised below:^[2]

Name	Years	Cause of change
Cairns Weekly Penny Savings Bank	April 1899–1946
The Cairns Cooperative Weekly Penny Savings Bank	1946–1987	Cooperative Societies Act
Cairns Penny Bank	1987–2004
Cairns Penny Savings & Loan Limited	2004–2020	Banking Act (QLD) 2004
Cairns Bank	2020–present

See also

• Australia portal
• Banks portal
• Companies portal

• Banking in Australia
• List of banks
• List of banks in Australia
• List of banks in Oceania
• List of oldest companies in Australia