Final meeting as Chairman of Heritage Bank for Mr Brian Carter


After 30 years as Chairman of Heritage Bank, Mr Brian Carter will preside over his final Board meeting today (Thursday, 21 June).

Mr Carter will step down both as Chairman and as a Director after the monthly Heritage Board meeting today. That will bring to an end a 37-year career as a Director with Heritage, including the last 30 years as Chairman.

Deputy Chairman Mr Kerry Betros will take over the position of Chairman. Mr Betros has been a Director of Heritage since 1991 and Deputy Chairman since July last year. He is the Managing Director of well-known Darling Downs fruit and vegetable wholesaler/retailer Betros Brothers, a family business that has been operating in the region since 1938.

Mr Carter said the successful name transition to Heritage Bank in December last year, and the fact that he had reached the age of 70, made this the appropriate time to stand aside and make way for a new era.

Mr Brian Carter was a Toowoomba solicitor when he was appointed to the board of the then Darling Downs Building Society in 1975 at the age of 33. When Darling Downs merged with Toowoomba Permanent Building Society to form Heritage Building Society on 1981, he was appointed Deputy Chairman. Mr Carter became Chairman of Directors in 1982 and has remained in that position ever since.

During his career, Mr Carter has at various times served as Chairman of St Vincent’s Hospital, Chairman of the Queensland Institute of Medical Research, the original Chairman of the Cobb & Co Museum, President of the Downs & South Western Law Association and President of the Toowoomba Cricket Association. He is a life member of the Northern Brothers Diggers Cricket Club.

Mr Carter was appointed a member in the General Division of the Order of Australia (AM) in 2006 “For service to business through the building society industry, and to the community through health care and medical research organisations”.

In 2001, Mr Carter was awarded the Centenary of Federation Medal for distinguished service to the community. On 27 April 2007, he was awarded an honorary doctorate of the University of Southern Queensland for his strong advocacy of the university and his significant contribution to the community through his voluntary, charitable and sporting contributions.

Mr Carter will remain in Toowoomba after stepping down from the Heritage Board and is looking forward to spending more time with his family.

* Home loan comparison rate based on a $150,000 loan over 25 years.  Fixed loan comparison rate applies only for loans with an LVR of 80% or less and a loan amount of $150,000 to $249,999.  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.

Interest rates are on a per annum basis. Rates are correct as stated and subject to change without notice. Rates shown are for new loans and do not apply to switches or internal refinances.

Home Advantage Variable rates include discounts shown from the Standard Variable rate. Home Advantage Living Equity rates include discounts from the Living Equity rate. Discounts are based on total lending in the package. Discount Variable LVR rates are for new lending and include discounts from the Discount Variable Loan Rate.  Discounts are not available in conjunction with any other interest rate discount or special offer. All fixed rates are fixed for the period stated and revert to the variable rate applying at expiration of the fixed term. To approved applicants only. Conditions, criteria and fees apply.

Loan to Value Ratio (LVR) is the loan amount divided by the value of your security property (determined by Heritage Bank at assessment), multiplied by 100. Owner Occupied loans have a maximum LVR of 95%, Investment loans have a maximum LVR of 80% and Living Equity has a maximum LVR of 80%. Heritage is not accepting any new investment applications until further notice.

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