Plans for, or perhaps that's really a hope for, some sort of "transformational" transaction remain a strategic goal for Bank of Queensland.According to the bank's investor presentation yesterday in connection with its full year profit "strategic parties remain interested" and "transformational deals [have been] identified and [are] available for re-engagement as opportunities arise."How considered these schemes may be is open to question. BOQ management and their advisers are known to have arrived for meetings with some prospective partners earlier this year with little more than the hope that the other party would have a good idea on how to combine their businesses, and a rationale for doing so. If BOQ had any good ideas they preferred, for whatever reason, to keep them to themselves.BOQ's options remain the same as before, and include a merger with a local mid-sized or small bank of which there are few (Suncorp, Bendigo and Adelaide Bank and ME Bank.) A sale to one of the four big banks is pretty much out of the question.It could persuade an offshore, and maybe Asian, bank to select it as the right vehicle for an aggressive quest for market share and earnings in Australia. The French regional bank BRED Populaire, which owns 12 per cent of BOQ's capital, might also be a candidate.Or BOQ can try and buy smaller ADIs. There are a few listed targets (The Rock, Wide Bay, MyState) or it can pursue mutually owned credit unions and building societies with offers too good for directors and members to refuse.On the Suncorp option, The Australian's columnist John Durie reported today that, based on off the record drinks between the Suncorp CEO, Patrick Snowball, and invited investment analysts earlier this week, a sale of Suncorp Bank is an unlikely option.