Heritage officially opens new branch in Bundaberg


Bundaberg’s outstanding growth potential made it the ideal location for the newest branch of Heritage Bank, CEO John Minz said today (Friday, 6 July).

Mr Minz was in the city for today’s official opening of the new Bundaberg branch of Heritage Bank – the largest customer-owned bank in Australia. The full-service branch is at 115 Bourbong Street in the CBD, part of the old Buss & Turner department store complex.

Heritage now has 60 branches across southern Queensland, with the new Bundaberg branch the furthest north.

Mr Minz said Bundaberg had outstanding appeal when Heritage investigated options for expansion.

“The Bundaberg region boasts an extremely strong and stable economy, plus has huge growth potential that is under recognized,” he said.

“With the key industries of agriculture, manufacturing and tourism underpinning the region, Bundaberg continues to perform strongly and is set for rapid population growth in coming years.

“That’s a perfect fit for Heritage and we look forward to bringing the people of Bundaberg the benefits of our People first philosophy. We’re all about providing our customers with the best value we can, not about making huge profits. That’s just one reason we have the highest customer satisfaction rating of any financial institution in Queensland.”

Heritage’s Bundaberg branch has created jobs for five people, led by manager Leanne Hermann, and will be open six days a week.

As an opening special for the people of Bundaberg, Heritage will waive the application fees on personal loans and home loans taken out via the branch until 31 August this year – a saving of up to $600.

“We offer a complete range of products and services, including savings accounts, transaction accounts, home loans, term deposits, credit and debit cards, personal loans, insurance, financial planning, foreign exchange and business banking, all at very competitive rates,” Mr Minz said.

“The profits we make stay with us, instead of being paid out to external shareholders as they do at the big banks, and our priority is on serving the best interests of our customers.”

Heritage can trace its origins back 137 years, so has a long history of success in meeting the financial needs of its customers. Heritage now has 60 branches and 65 mini-branches across southern Queensland, and offers customers access to a network of 2,900 ATMs around Australia

* 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.