HBS Bank Story
On 20 March 1885, the Hastings Permanent Building and Investment Society (now known as HBS Bank) was founded based on mutual ownership, thereby preserving the benefits to existing and future generations. HBS Bank spans over a century of careful stewardship based on commercial robustness and operational prudence.
On 31 August 2010 our members voted in favour of a merger with the Southland Building Society (SBS Bank) with a massive 98% majority. Like HBS, SBS Bank is a mutual building society owned by its customers. We believe the merger will give us a great opportunity in the Hawke’s Bay market while enabling us to provide our HBS members with access to the much wider range of products and services. These new products and services are anticipated to be available in February 2011.
The principles of the HBS Bank charter are:
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Sustainability through prudence
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Commitment to mutual benefit
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The prosperity of our community
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Our people make the difference
We use these guiding principles in every decision we make and we will continue to exercise ethical practices and due care in growing the value of HBS Bank.