SBS Bank is a registered bank in New Zealand which was founded in 1869. In October 2008 it gained bank registration and the Southland Building Society became SBS Bank. It is a 100% New Zealand owned registered bank that has retained a mutual building society structure. This means SBS Bank's customers or members are also its owners. SBS Bank prides itself on not having overseas shareholders to satisfy, and all profits are kept within New Zealand for the benefit of its customers and their local communities.
Branches
There are 14 SBS Bank branches throughout New Zealand, with most of them located in the South Island:
HBS Bank
On 31 August 2010 HBS (Hastings Building Society) members voted in favour of a merger with SBS Bank with a large 98% majority. HBS then became known as HBS Bank. It has three North Island locations which are in the Hawke's Bay region:
- Hastings
- Havelock North
- Napier
History
Initially when first set up in 1869 SBS Bank was called Southland Building, Land and Investment Society but then changed to the Southland Building and Investment Society and Bank of Deposit in 1876. The name of the bank didn't officially change to SBS Bank until 1995.
References
External links
- Official SBS website
- The HBS Bank website
Interesting Informations
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