Timeline of banking in Western Australia
From Wikipedia, the free encyclopedia
The first commercial bank in Western Australia was created eight years after the establishment of the Swan River Colony in 1829.
Note: bold entries indicate a locally (W.A.) domiciled operation
- Early 1830s -- The Colonial Secretary of Western Australia, Peter Broun, begins a makeshift banking service out of necessity, despite having no training in finance or accounting. It collapses in 1835.
- June 1837 -- the Bank of Western Australia (BWA) is established by prominent local businessmen including George Leake as its first chairman
- 1841 -- branch of Bank of Australasia opens, forcing the closure of the BWA shortly after
- 1841 (or 1842?) -- Former BWA directors, including Edward Hamersley (Snr) and George Shenton Sr establish the Western Australian Bank (WAB)
- 1845? -- Bank of Australasia closes branch
- 1855 -- Government savings bank opens
- 1863 -- Post Office Savings Bank opens
- 1862 -- Perth Building Society (PBS)  opens
- 1866 -- branch of National Bank opens
- 1878 -- branch of Union Bank of Australia opens
- 1883 -- branch of Bank of New South Wales opens
- 1888 -- branch of Commercial Bank opens
- 1895 -- Government of Western Australia establishes the Agricultural Bank of Western Australia
- 1927 -- Western Australian Bank acquired by Bank of NSW
- 1945 -- Agricultural Bank renamed to the Rural and Industries Bank of Western Australia (R&I)
- 1975?? - Western Australian Building Society (WABS) opens
- 1987 -- Perth Building Society merges with Hotham Building Society to form Challenge Bank 
- 1990 -- Town and Country Building Society, WA acquired by ANZ 
- 1994 -- R&I renamed to Bank of Western Australia Limited, trading as BankWest
- 1995 -- Challenge Bank acquired by Westpac (formerly Bank of NSW)
- 1995 -- Bank of Scotland acquired BankWest, and as part of the sale agreement, offered 49 per cent of the shares in BankWest to the public. BankWest shares listed on the Australian Stock Exchange on 1 February 1996.
- 2001 -- Halifax Group (a large UK financial institution) merged with Bank of Scotland to form HBOS plc. HBOS then acquired all the outstanding shares of BankWest, making it HBOS's wholly owned subsidiary. Bankwest continues to trade as BankWest for retail and business banking services.
- 2008 -- Commonwealth Bank acquires Bankwest from HBOS for $2.1bn, fallout from the global financial crisis