Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


SBS Bank Hamilton celebrates 10 years

MEDIA RELEASE

17 December 2010

SBS Bank Hamilton celebrates 10 years

Hamilton resident Ken Wyatt has a long-standing family history with SBS Bank – he’s dated it back as far as the 1920’s when his family took out a mortgage with SBS to purchase the house of well-known New Zealand author Dan Davin, in Invercargill.

Born and bred in Greenhills, in the deep south near Bluff, Mr Wyatt left Southland in the 1970s but he has never let his strong family connection with SBS wane. He came back on board with SBS when the Automobile Association, in Hamilton, acted as an agent for SBS services and products in 1998 and he was the first person through the doors when SBS Bank opened its Hamilton branch 10 years ago.

Today (Friday 17th) Mr Wyatt was back at SBS Bank Hamilton to share some 10th birthday wishes with a cake for the team and the chance to reminisce about the success of SBS Bank.

“I’m a believer that if you’re happy in life with the things you’ve got then you tell everyone about it and that’s why I’m always telling everyone about SBS Bank. I was the first one to make a transaction when the Hamilton branch opened in 2000 and I even found out when the Tauranga branch opened in 2006 and raced across to celebrate their opening with them as well.

“The Wyatt family have a great history with Southland and SBS Bank and I love sussing things out and chasing the roots and history that we have,” Mr Wyatt said.

SBS Bank Hamilton manager Rod Fox said the team at SBS Bank Hamilton were always eager to spread some Christmas cheer with their customers at this time of the year and it was great to have a double reason to celebrate this month as they marked their 10th anniversary in the Waikato.

The Hamilton branch was the first and only North Island branch to be opened by the SBS Bank on 18 December 2000. It remained the only North Island branch until SBS Bank Tauranga opened in 2006. This year the North Island network doubled with the addition of two HBS Bank branches in Hastings and Napier following the merger of HBS with SBS Bank on 31 August.

Mr Fox said like their Waikato branch, SBS Bank had come a long way in 10 years.

“Back in 2000, SBS’s total assets hit $900 million and we had an operating surplus of $11 million. Since then we’ve introduced full transactional banking, an extensive range of new products and services, more than doubled the network with the addition of a further 10 branches throughout the country, taking our total number of branches to 17, and we’ve attained bank registration.

“This year SBS Bank achieved another solid performance in another particularly challenging year with total assets up $87 million to $2.63 billion and an operating surplus of $19.4 million. It’s a great result for New Zealand’s only customer-owned bank – one that has retained its structure of a building society just as it was founded in Invercargill 141 years ago.”

Mr Fox said they had several of their very first customers visiting the branch with well wishes and gifts for their 10th anniversary.

“It’s been wonderful to reminisce about the many positive developments and events that we’ve all experienced at SBS Bank during the past decade and we’re looking forward to another fantastic 10 years of providing our customers with exceptional service and supporting our community here in the Waikato.”

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Future Brighter Money: RBNZ Releases New Bank Note Designs

New Zealand’s banknotes are getting brighter and better, with the Reserve Bank today unveiling more vibrant and secure banknote designs which will progressively enter circulation later next year. More>>

ALSO:

Commerce: Supermarket Inquiry Finds No Breaches By Countdown

The Commerce Commission inquiry into anti-competitive behaviour by Countdown supermarkets, alleged by former Labour Party MP Shane Jones, has found nothing to warrant prosecution, although it warns supermarkets to take care in the way they communicate... More>>

ALSO:

Crown Accounts: English Flags ‘Challenge’ To Budget Surplus

Finance Minister Bill English is warning next month’s half yearly fiscal and economic update from the Treasury may not forecast a budget surplus, saying that returning the government’s accounts to surplus in 2015 will be “a challenge”, given the decline in commodity prices and weak global inflation. More>>

ALSO:

March 2015: Netflix To Launch In Australia And New Zealand

World’s Leading Internet Television Network to Offer Original Series, Movies, Documentaries, Stand-Up Comedy Specials and TV Shows for Low Monthly Price More>>

ALSO:

Price Of Cheese (Is Up): Dairy Product Prices Fall To Five-Year Low

Dairy product prices fell in the latest GlobalDairyTrade auction to the lowest level in more than five years, led by declines in rennet casein and skim milk powder. More>>

ALSO:

Gordon Campbell: On The Australians Scoring Trade Points Against Us With The Chinese

It hasn’t been a great year for Trade Minister Tim Groser... To top it off, Australia has just signed a FTA with China that has far better provisions on dairy exports than what New Zealand currently enjoys in our own FTA with China. More>>

ALSO:

Iwi & Local Consultation: Oil And Gas Block Offer 2015 Begins

Energy and Resources Minister Simon Bridges today announced the start of the Block Offer 2015 process for awarding oil and gas exploration permits. More>>

Industrial Action: Stats NZ Throwing Public Money Away Duplicating Data

The Public Service Association (PSA) says Statistics NZ are throwing money away by collecting the same data twice for official statistics such as the Consumer Price Index... As part of the ongoing industrial action, field interviewers who are PSA members are continuing to collect data, but are not sending it through to Statistics NZ. More>>

ALSO:

Other Stats:

Space: Rosetta's 'Philae' Makes Historic First Landing On A Comet

After more than a decade traveling through space, a robotic lander built by the European Space Agency has made the first-ever soft landing of a spacecraft on a comet. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news