Our History

With a history stretching back to 1875, we’re proud to be one of the longest-standing financial institutions in the country.

Our History

Heritage Bank has grown to today become Australia’s largest customer-owned bank and is one of the longest-running financial institutions in the country. Our origins can be traced back to 1875, when the Toowoomba Permanent Building Society was established. That was followed in 1897 by the formation of the Darling Downs Building Society. The two organisations co-existed side-by-side in Toowoomba until 1981, when they merged to become Heritage Building Society. 

In 1983, we established out Head Office in the newly constructed Heritage Plaza complex on Ruthven Street, the first high-rise office facility to be built in the Toowoomba CBD.  By 1995, our total consolidated assets passed the $1 billion mark. By 2005, we had reached the $5 billion milestone.  

In 2011, we changed our name to Heritage Bank, though our customer-owned structure remained the same.