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Home History

History with Betty Laver – The Commonwealth Bank

by Ruandi Van Der Merwe
16 January 2020
in History, More Articles
Reading Time: 1 mins read
History with Betty Laver – The Commonwealth Bank
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During 1929, the Commonwealth Bank built a two-storey brick building on the eastern side of Goondoon Street between William and Roseberry Streets. It was erected by local contractor FF Hill and operations of the Commonwealth Bank were transferred there. In 1959 legislation was enacted, resulting in a bank with three members, The Commonwealth Trading Bank, The Commonwealth Savings Bank and The Commonwealth Development Bank, which collectively became known as The Commonwealth Bank Corporation. As a result of the prominent mining and industrial activity, also the construction of new port facilities in the Gladstone area during the 1960’s, the business of the Commonwealth Bank increased to such an extent that it was necessary to extend the premises in 1966. As the town continued to develop it was essential that the bank build new premises and a site, directly opposite, on the western side of Goondoon Street was selected and the new bank was built in 1971.

 

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Tags: Betty LaverCommonwealth Bank historyGladstone history
Ruandi Van Der Merwe

Ruandi Van Der Merwe

Ruandi is a journalist for Gladstone News, passionate about sharing local community stories and feel-good features that celebrate the people of our region.

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