adelaide bank limited type public traded as asx ben industry financial services founded 1858 headquarters bendigo victoria australia key people mike hirst ceo robert johanson chairman products banking financial and related services revenue au 1.6 billion website www.bendigobank.com.au bendigo bank head office in bendigo victoria australia bendigo and adelaide bank is an australian financial institution operating primarily in retail banking . the company was formed by the merger of bendigo bank and adelaide bank in november 2007 . 1 before the merger bendigo bank delivered its products and services through almost 900 outlets australia wide including more than 160 company owned branches 220 community owned community bank branches of bendigo bank 100 agencies and 400 elders outlets . the bank s branches are primarily in victoria and queensland . the merged bank now has over 400 branches including 25 that came with the merger of adelaide bank . bendigo bank national headquarters remain in the city of bendigo with a major office in adelaide south australia and regional offices in docklands melbourne and ipswich queensland . contents 1 history and development 2 community bank program 3 subsidiaries 3.1 joint ventures 3.2 other acquisitions 4 references 5 external links history and development edit the company started in 1858 as a fixed term terminating building society to improve conditions in the bendigo goldfields during the victorian gold rush . at seven years old in 1865 the company restructured taking the name bendigo mutual permanent land and building society which incorporated in victoria 11 years afterwards . it continued to expand its holdings when in 1978 it merged with bendigo and eaglehawk star a building society established in 1901 . further growth involved the acquisition of the building societies sandhurst in 1983 and sunraysia in 1985 a merger with sandhurst trustees ltd and the acquisition of capital and compass building societies . in 1982 bbs became the first financial institution in australia to introduce successfully both visa credit and debit cards . 1993 saw bbs receive a stockmarket listing . its growth continued throughout the 90s when it acquired national mortgage market corporation limited in 1995 a mortgage manager company focussed on loan introducers and brokers . in that year bbs converted to a bank with the name bendigo bank and further acquired monte paschi australia which it renamed cassa commerciale australia in 1997 . bendigo bank s community bank program began in 1998 the first branches opened in the western victoria towns of minyip and rupanyup on 26 june and the first metropolitan branch in the outer eastern suburb of upwey on 19 october . the late 1990s saw a further development when bendigo bank and elders australia formed elders rural bank a joint venture company focused on agribusiness and rural australia . bendigo bank was also the first financial institution to introduce a mortgage offset account now a standard banking product in australia . in 1999 the bank formed an alliance involving mutual shareholding with ioof . the bank received its operating licence in 2000 and absorbed the first australian building society in queensland acquiring a new regional headquarters in ipswich . that same year saw a a 75 million head office expansion in bendigo . in 2002 bendigo bank introduced the first green loans in australia and formed community sector banking a banking joint venture with the not for profit sector . three years later bendigo bank built a regional headquarters on harbour esplanade in melbourne docklands . in 2007 bendigo bank rejected bank of queensland s merger takeover proposal 2 and merged with adelaide bank . the a 4 billion takeover was completed on 30 november . 1 3 subsequently shareholders voted to change the company s name to bendigo and adelaide bank limited . on 11 december 2008 bendigo bank s new headquarters in bendigo was completed . the 26th prime minister of australia kevin rudd was present at the opening . on 16 december 2011 bendigo bank announced that it has reached agreement with the bank of cyprus group to acquire its 100 per cent owned australian subsidiary bank of cyprus australia limited bocal . the purchase will be for an estimated total consideration of a 130 million . 4 it has been renamed delphi bank . in april 2013 bendigo bank s subsidiary oxford funding rebranded as bendigo debtor finance offering independent credit assessments and cash flow solutions to businesses on a national level . in june 2014 the bank became the first in australia to adopt an investment policy which shunned fossil fuel investments . specifically the bank does not lend to companies for whom the core activity is the exploration mining manufacture or export of thermal coal or coal seam gas . 5 in 2015 bendigo bank openly supported the building and funding of a mosque in bendigo . while locals protested against both the mosque and the immigration bendigo bank responded by closing the account of a group called stop the mosque who spoke out against the mosque . the bank chairman said that history showed bendigo was an inclusive community and he believed that is the sort of place needed again and bigotry and hate were not bendigo s values . 6 in april 2014 after it closed the account bendigo bank stated in closing the account that it only wants to do business with organisations that share its values . this drew criticism from a local councillor and support from a local lawyer . the bank said that it values tolerance and inclusiveness which are important parts of a strong community . 7 community bank program edit community branch at braidwood new south wales community bank is an innovative franchise program in which the local community owns and operates a bendigo bank branch which is separately incorporated and bendigo bank provides all the banking infrastructure and support . the community company after paying its branch running costs shares any remaining profit with the bendigo bank . the program was a response to the massive closure of bank branches in rural areas . bendigo bank has since extended the program to areas that have bank service . subsidiaries edit rural bank rural finance corporation of victoria bendigo debtor finance formerly oxford funding leveragedequities sandhurst trustees delphi bank formerly bank of cyprus australia 8 bendigo financial planning community telco joint ventures edit community sector banking with community 21 other acquisitions edit wheeler financial services merged with bendigo financial planning southern finance 9 references edit a b bendigo bank merger information page archived 1 december 2007 at the wayback machine . bendigo bank rejects takeover plan 1 bendigo bank news . retrieved 2012 01 06 . bendigo bank executive marnie baker bendigo advertiser june 7 2014 bendigo and adelaide bank concerned about potential damage from anti mosque campaign . abc news . 11 november 2015 . retrieved 2016 01 07 . simon lauder 8 april 2014 . bendigo bank stands by decision to close account of anti mosque group . abc news . retrieved 2016 01 07 . say hello to delphi bank . neoskosmos.com . neo kosmos . retrieved 22 january 2015 . investors regain access to southern financial group funds on monday . the standard . 22 december 2012 . retrieved 22 january 2015 . external links edit bendigo bank official site rural bank official site community bank official site national mortgage market corporation official site delphi bank official site v t e banking in australia bank regulation australian prudential regulation authority australian competition and consumer commission australian payments clearing association four pillars policy central bank reserve bank of australia big four australia and new zealand banking group anz commonwealth bank of australia national australia bank westpac banking corporation other banks amp bank of melbourne wbc bank of queensland banksa wbc bankwest cba bendigo and adelaide bank cuscal defence bank heritage bank macquarie group me bank bank australia qt mutual bank rural bank suncorp st.george bank wbc teachers mutual bank victoria teachers mutual bank foreign banks arab bank bank of china beirut hellenic bank citibank australia hsbc bank australia ing direct investec rabobank non bank lenders rams wbc mortgage choice ge capital aussie home loans category banks of australia list of banks in australia financial system in australia economy of australia v t e business in australia institutions australian competition and consumer commission australian corporate law australian prudential regulation authority australian securities and investments commission australian takeovers panel constitution of australia 1901 cth corporations power economy of australia stock exchange australian securities exchange s & p asx 20 s & p asx 50 s & p asx 200 s & p asx 300 chi x business associations australian chamber of commerce and industry australian hotels association australian industry group business council of australia consult australia minerals council of australia national farmers federation s & p asx 50 companies alpha sorted agl energy amcor amp apa asciano aurizon anz asx bhp billiton brambles caltex australia coca cola amatil commonwealth bank computershare crown csl dexus goodman gpt incitec pivot iag james hardie lend lease macquarie group medibank mirvac national australia bank newcrest mining oil search orica origin energy qbe insurance ramsay health care rio tinto santos scentre seek limited sonic healthcare south32 stockland suncorp sydney airport holdings telstra transurban vicinity centres wesfarmers westfield westpac woodside petroleum woolworths other notable companies adelaide bank akubra alumina australian radio network axa asia pacific bendigo bank bluescope steel bunnings caltex camperdown dairy international challenger cimic cochlear coles downer group fairfax media fosters holden james hardie jb hi fi john holland macquarie radio manildra group metcash national storage news corp australia nine entertainment optus qantas qube holdings rm williams seven west media southern cross austereo st george bank star entertainment group vero insurance virgin australia zinifex corporate controversies and collapses ansett australia bridgecorp holdings dick smith holdings firepower international great southern group james hardie asbestos controversy rodney adler brad cooper ray williams and the collapse of hih insurance king brothers masters home improvement opes prime pasminco becomes zinifex poseidon bubble price fixing in the packaging industry rene rivkin and the offset alpine fire jodee rich and one.tel christopher skase and qintex storm financial timbercorp wa inc wayne mansfield westpoint notable individuals peter abeles warren anderson reg ansett alan bond chris corrigan robert champion de crespigny janet holmes court robert holmes court rod eddington john elliott andrew forrest david gonski joseph gutnick lang hancock margaret jackson gail kelly solomon lew frank lowy david morgan hugh morgan lachlan murdoch james murdoch rupert murdoch sidney myer jacques nasser frank packer james packer kerry packer clive palmer arvi parbo gina rinehart dick smith kerry stokes ziggy switkowski harry triguboff malcolm turnbull solomon trujillo nicholas whitlam retrieved from https en.wikipedia.org w index.php title bendigo and adelaide bank & oldid 743012604 categories banks of australiacompanies listed on the australian securities exchange1858 establishments in australiabanks established in 1858bendigomutual savings banks in australiahidden categories articles with wayback machine linksuse dmy dates from july 2011use australian english from july 2011all wikipedia articles written in australian englishpages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read 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