Corporate entry
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Guide to Australian Business Records
Corporate entry
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Bank of New South Wales (1817 - 1982) |
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| Location: Sydney, New South Wales | |||
The company was established in 1816, commenced business in 1817 and was subsequently incorporated under the "Bank of New South Wales Act 1850" of the New South Wales Parliament. In 1982 it with merged with The Commercial Bank of Australia Ltd to form the Westpac Banking Corporation. |
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The bank was established in 1817 and incorporated in 1850 by the New South Wales Act. In 1927 the Western Australian Bank was purchased, and on November 27, 1931, the Australian Bank of Commerce was purchased. In 1955, the company entered the savings bank field with the formation of its own subsidiary. A 40 % interest was obtained in Australian Guarantee Corp in July 1957, which was increased to 100% in 1988. In July 1958, the Wales Unit Investment Ltd was formed and its first trust opened on November 3, 1958. In 1981 the bank had approximately 1,349 branches throughout Australia and the world including New Zealand, London, New York, Fiji, P.N.G, and Singapore. The Bank’s name was changed to the Westpac Banking Corporation in 1982 following a merger with the Commercial Bank of Australia Ltd. | |
| Sources used to compile this entry: Original data from D. Terwiel, S. P. Ville and G. A. Fleming, Australian Business Records: An Archival Guide, Canberra : Australian National University, Faculty of Economics and Commerce, Dept. of Economic History, 1998. Subsequent information provided by RMIT, MBIT student, Catherine Nolan. | |
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Previous and Subsequent Entities 1852 - 1910 The Australian Joint Stock Bank Limited Director(s)Managed by | |
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Published by Archive Research Consultancy, 1999-2006 Submit any comments, questions, corrections and additions Updated: 3 December 2006 http://www.gabr.net.au/biogs/ABE0026b.htm |