Home name dropped in BoQ brand move

The Home Building Society name will disappear from Western Australia, with the Bank of Queensland announcing it will consolidate its local operations under its own brand name from June 2008.


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The takeover effect on the merged entity of StateWest and Home Building Society resulted in the loss of 80 fulltime jobs of former valued staff members – a shameful fact proudly announced to Home shareholders by Home Building Society in a report lodged with the ASX. History will reveal that StateWest’s takeover succeeded at a cost exceeding $12 million and through the perverse incentives offered and accepted by the StateWest CEO and a board of directors.

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