Bank of Adelaide

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The Bank of Adelaide was founded in 1865 in Adelaide, the capital of South Australia.[1] It was incorporated by an act of the Parliament of South Australia.[2] The original directors of the company were Henry Ayers, Thomas Greaves Waterhouse, Robert Barr Smith, Thomas Magarey and George Peter Harris.[3]

The Bank of Adelaide was taken over in 1979 by ANZ and merged into that organisation,[4] after bailing out a subsidiary finance company (the Finance Corporation of Australia) that had lent too much to people without the security to cover the loans.[5]

References[edit]

  1. ^ "Deed of Settlement, The Bank of Adelaide". Retrieved 30 December 2016 – via State Library Victoria. 
  2. ^ "The Bank of Adelaide Act 1865". Government of South Australia. Retrieved 30 December 2016. 
  3. ^ "THE BANK OF ADELAIDE.". The Adelaide Express. II, (517). South Australia. 10 August 1865. p. 3. Retrieved 30 December 2016 – via National Library of Australia. 
  4. ^ Guide to Australian Business Records
  5. ^ Australia's Banking History

External links[edit]