BOQ expands reach as big banks retreat

Bank of Queensland (BOQ) continues to expand its branch footprint through its unique Owner Managed (OM) model.

112 of BOQ’s 154 branches nationwide are OM, including the Beerwah branch, which is owned by Martin Kavanagh.

This means they are operated by locals as small businesses focused on establishing long standing, deep relationships with customers to help them achieve their personal and financial aspirations.

Bank of Queensland Group Executive Retail Bank Martine Jager said, “Even during these increasingly digitised times, we know so many Australians still choose to visit their local branch.

“We understand there is a real need to keep branches open.     

“At BOQ, we’re standing by the communities we operate in and serving the needs of our customers by growing our OM branch presence.”

Every BOQ OM is empowered to operate their branch and contribute to the community in ways they are passionate about, and the strong presence has seen these branches make widespread contributions to local community groups across sport, arts, education and not-for-profit.
“With the impressive average tenure of our OMs being just over 10 years, we know the huge value of keeping our branches open, both for our people and communities.