(3 December 2007 – Australia) Home Building Society shareholders have backed the merger with Bank of Queensland at a meeting held in Perth.Almost 94 percent of Home shareholders gave the thumbs up to the A$600 million merger between the building society and BOQ, which will be implemented by way of a Scheme of Arrangement.
Federal court approval for the Scheme of Arrangement will be held this week.
BOQ managing director David Liddy said the merger would give Home customers access to a national network of more than 260 branches and 2,400 BOQ branded ATMs.
Home chairman Tony Howarth said Home and BOQ had a shared vision of being a genuine alternative to the big banks with an offering based on strong customer service.