Bank of South Australia
|Subsidiary of Westpac|
|Industry||Finance and insurance|
|Founded||11 March 1848, as the Savings Bank of South Australia|
|Headquarters||Adelaide, South Australia|
Number of locations
|South Australia & Northern Territory|
|Products||Personal Banking, Business Banking and Insurance|
BankSA is now a division of Westpac Banking Corporation, having been a division of St. George Bank before Westpac and St. George merged in 2008. The State Bank of South Australia was sold to Advance Bank due to a collapse and bailout by the Government of South Australia in 1992, when non-performing assets exceeded 30% of the loan book. Advance Bank was purchased by St. George in 1997.
BankSA has over 100 branches in South Australia and the Northern Territory.
There are a number of building societies and banks with intertwining histories. These include:
- St.George Bank
- Advance Bank
- BankSA / Bank of South Australia
- Westpac Banking Corporation
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