Industry Banking Divisions 2 Total assets 2.54 billion USD Number of employees 280 Subsidiaries Finance Now Limited | Area served New Zealand Website www.sbsbank.co.nz Founded 23 March 1869 Type of business Mutual ownership | |
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Headquarters Head office based in Invercargill, New Zealand Products banking
insurance
financial services
property CEO Shaun Drylie (1 Aug 2016–) Profiles | ||
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.
History
Initially, when founded in 1869, SBS Bank was called Southland Building, Land and Investment Society but was renamed as Southland Building and Investment Society and Bank of Deposit in 1876. For the first 30 years, James Walker Bain was the society's president. The name of the bank officially changed to SBS Bank in 1995. In 2010 Hastings Building Society joined with SBS Bank and in November 2015 HBS Bank amalgamated with SBS Bank.
References
SBS Bank Wikipedia(Text) CC BY-SA