Introduction

Jason’s Bank was founded by Jason Healy in 1961 with the purpose that the
community bank for immigrants in Sydney, and it grew and came to be seen as the
bank for all immigrants and as these communities assimilated, it became a trusted
name and authentic brand across all communities in Australia, particularly in
suburban and regional Australia.
Jason jr. took over the CEO role in 2008, only one week before the global
financial crisis (GFC) took hold in September of that year with the collapse of
Lehmann Bros in the U.S. The post-GFC period saw Jason’s Bank take over 3 small
regional banks each of which were experiencing severe funding problems when
the credit markets froze in October 2008. These banks were:
 Mylene’s Bank (predominantly serving the Vietnamese community.
Founded in 1978)
 Jasmine’s Bank (predominantly serving the Columbian and other South
American communities. Founded in 1993)
 Judith’s Bank (predominantly serving mining towns in remote areas of
Western Australia and Queensland. Founded in 1989)
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Last year the bank celebrated its 50 anniversary and remains a trusted and
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well-run bank, the 5 largest in Australia with a market capitalization of $7.2
billion. It has over 1.3 million customers and over 6,700 staff.