Home Building Society

Home Building Society Limited 14-Oct-05 Documentation despatched in respect of the proposed merger with StateWest Credit Society Ltd.

StateWest Credit Society members have voted in favour of demutualisating their institution, paving the way for the proposed merger with listed suitor Home Building Scoiety Ltd.

The proposed merger of Home Building Society and StateWest Credit Society suffered a setback in the Federal Court in Perth late today.

East Perth - based Home Building Society Ltd will raise $5.13 million to provide capital needed to meet the growing demand for loans.

STATEWEST Credit Society members have voted for demutualisation for the second time, as part of a re-run of its proposed merger with Home Building Society Ltd.

Perth-based financial services group Home Building Society has confirmed a full year profit guidance of at least $10 million for the 2006 financial year, a 60 per cent increase on 2005.

StateWest Credit Society has released its scheme documentation, the next step towards the merger with Western Australian financial services group Home Building Society Ltd.

More than 20 per cent of StateWest Credit Society Ltd members have opted to cash in on its demutualisation and merger with Home Building Society Ltd, taking money instead of shares after a vote approved the deal.

With the StateWest Credit Society Ltd and Home Building Society Ltd merger finally taking place after several setbacks, stockbroker Euroz Securities will have around $45 million worth of Home shares to sell.

Home Building Society Ltd has today sent a detailed merger proposal to the Board of Police and Nurses Credit Society Limited, offering up to $243 million under two options - well below the $420 million mooted by the target.

Home Building Society Ltd has announced it will continue to examine merger opportunities with Police and Nurses Credit Society Ltd, despite its target refusing to meet with them.

HOME Building Society Ltd has announced it will continue to examine merger opportunities with Police and Nurses Credit Society Ltd, despite its target failing to agree to a meeting.

Perth-based financial services group Home Building Society Ltd has been awarded a BBB long-term credit rating by Standard & Poor's, with the ratings agency approving of its strong asset quality and good risk management.

The board of Home Building Society Ltd has recommended its shareholders accept a takeover proposal from Bank of Queensland Ltd that values the Perth-based financial services player at $592 million.

The directors of Home Building Society Ltd have moved to reassure shareholders that its proposed merger with Bank of Queensland would not be affected by BOQ's failure to complete a separate merger with Mackay Permanent Building Society Ltd.

Brisbane-based Bank of Queensland Ltd (BoQ) will be looking for as many as 30 people with banking experience to take on former Home Building Society Ltd branches as it sets about converting its newly purchased Western Australian operations into franchises

THERE is an interesting collection of businesspeople who wield influence in government due to their roles as board members of major corporatised agencies.

Alan Robson, Jim McGinty and Jim Freemantle are among the Western Australian luminaries to receive honours as part of this year’s Queen’s Birthday awards.