Redbank, Queensland Redbank, Queensland Redbank is a suburb of the City of Ipswich, Queensland, Australia. It is approximately south-west of Brisbane CBD, the capital of Queensland. At the 2016 Australian Census, the suburb recorded a population of 1,834. At the 2016 Australia Census, Redbank had an unemployment rate of 14.5%, more than double the Australian unemployment rate of 6.9%. The origin of the suburb name is from a description of the area provided by Major Edmund Lockyer whilst exploring in a boat along the Brisbane River. While the Redbank area is known for its agricultural and pastoral origins, it has a more
Bank of Queensland owned subsidiary in 1982. In 1991 BOQ acquired Stowe Electronic Switching Pty Ltd and renamed it Queensland Electronic Switching Pty Ltd. In 1999, Bank of Hawaii bought 5.8 m shares (approx. 10%) in Bank of Queensland. Two years later Bank of Hawaii sold its 6.2 m shares and 5.4 m convertible notes in Bank of Queensland to refocus on its operations in Hawaii. BOQ acquired the equipment financing business of UFJ Bank in Australia and New Zealand in 2003. The bank also acquired ATM Solutions. In 2004, BOQ opened branches in New South Wales, Victoria, and the Australian Capital Territory.