Heritage wins inaugural Mutual Bank of the Year award

Heritage Bank has claimed a slice of history by winning the inaugural Mutual Bank of the Year category at the 2012 AFR Smart Investor Blue Ribbon Awards.

The Blue Ribbon Awards acknowledge the leading products and services in the field of investment, finance, banking and insurance and are chosen in conjunction with research houses InfoChoice, Morningstar, Lonsec and Rice Warner Actuaries.

Now in their 7th year, the AFR Smart Investor Blue Ribbon Awards added the Mutual Bank of the Year category for the first time in 2012. This category covers a new sector in the banking industry that includes customer-owned (mutual) institutions which have adopted the title of “bank”.

Heritage CEO John Minz said: “It’s a great honour for Heritage to be recognised as the inaugural Mutual Bank of the Year. This accolade recognises the excellent work our staff do across the organization to make a positive difference to the lives of our customers.

“We offer great products, great rates and great service, but it all starts with the People first culture that underpins everything we do.

“This award acknowledges our success in providing excellent value to our customers.”

Mr Minz said a quick review of recent achievements reinforced Heritage’s innovative and ongoing evolution.

“We have just opened two new branches – one in the Brisbane CBD and one in Bundaberg – to expand our physical footprint,” he said.

“In February we became a truly national player in the home lending business by expanding our mortgage broker network across the entire country.

“We recently concluded the extremely successful Heritage Bank Retail Bonds issue, raising $227.5 million via the ASX-listed dept transaction. And we seamlessly completed the name change from Heritage Building Society to Heritage Bank last December.

“We’re very proud to continue evolving as a modern financial institution that excels in meeting the ever-changing needs of our customers.”

* Based on a $150,000 loan over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.