Bank_of_Adelaide

Bank of Adelaide

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]

Bank of Adelaide, Georgetown, SA.
Not to be confused with Adelaide Bank.

The bank had most of its branches within South Australia, including head office at 81 King William street Adelaide. Interstate branches were located in Sydney NSW, Belconnen ACT, Canberra ACT, Brisbane, Dandenong VIC, Hobart TAS, Melbourne VIC, Townsville QLD, Woden ACT. The bank also had a branch in central London at 11 Leadenhall street.

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

  1. [1]
    "Deed of Settlement, The Bank of Adelaide". Retrieved 30 December 2016 – via State Library Victoria.
  2. [2]
    "The Bank of Adelaide Act 1865". Government of South Australia. Retrieved 30 December 2016.
  3. [3]
    "THE BANK OF ADELAIDE". The Adelaide Express. Vol. II, no. 517. South Australia. 10 August 1865. p. 3. Retrieved 30 December 2016 – via National Library of Australia.
  4. [4]
    Smith, Bruce A. "The Bank of Adelaide - Guide to Australian Business Records Corporate entry". www.gabr.net.au.
  5. [5]
    "Australia's Banking History". Australian Broadcasting Corporation. Archived from the original on 30 July 2014. Retrieved 6 February 2006.


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