Bank of New South Wales
The Bank of New South Wales (BNSW) was the first bank in Australia. It was established in Sydney in 1817 with Edward Smith Hall as its first cashier and secretary. It merged with the Commercial Bank of Australia in 1982 to form the Westpac Banking Corporation.
Established in Sydney in 1817, the Bank of New South Wales (BNSW) was the first bank in Australia with Edward Smith Hall as its first cashier and secretary. During the 19th and early 20th century, the Bank opened branches first throughout Australia and Oceania. This included at Moreton Bay (Brisbane) in 1850, then in Victoria (1851), New Zealand (1861), South Australia (1877), Western Australia (1883), Fiji (1901), Papua New Guinea (1910) and Tasmania (1910).
- 1927: BNSW acquired the Western Australian Bank.
- 1931: BNSW acquired the Australian Bank of Commerce, which had branches in both New South Wales and Queensland.
- 1942: BNSW suspended operations in Papua New Guinea as the Japanese Army captured many of the towns in which it had branches and agencies, and bombed Port Moresby. It resumed operations in 1946.
- 1968: BNSW joins Databank Systems Limited consortium in New Zealand to provide joint data processing services.
- 1970: BNSW established a branch on Tarawa in Kiribati (ex-Gilbert Islands), which also took over the government savings bank. Also, the company first became listed on 18 July 1970.
- 1971: It established a branch in the New Hebrides.
- 1973: BNSW became the corporate sponsor of the Rescue Helicopter service started by Surf Life Saving Australia. The service is known today as the Westpac Life Saver Rescue Helicopter Service
- 1974: it participated in a joint venture to establish the established Bank of Tonga.
- 1975: BNSW incorporated its local business in Papua New Guinea as Bank of New South Wales(PNG).
- 1977: BNSW formed Pacific Commercial Bank in Samoa as a joint venture with Bank of Hawaii, buying into Pacific Savings and Loan Company (est. 1969), in which Bank of Hawaii had had an ownership interest since 1971.
- 1982: BNSW merged with the Commercial Bank of Australia to form Westpac Banking Corporation ending the use of the Bank of New South Wales name. The new Westpac brandname incorporated the "W" which had been the logo of the Bank of New South Wales (popularly known as "the Wales").
- by M. J. B. Kenny. "Biography - Edward Smith Hall - Australian Dictionary of Biography". Adb.online.anu.edu.au. Retrieved 2012-12-25.