Type | Bank |
---|---|
Industry | Financial service activities, except insurance and pension funding |
Founded | 1834 |
Defunct | 1951 |
Fate | Merged with the Union Bank of Australia to form the Australia and New Zealand Bank |
Headquarters | Melbourne, Victoria |
Area served | Australia |
The Bank of Australasia was an Australian bank in operation from 1835 to 1951. [1]
Headquartered in London, the bank was incorporated by royal charter in March 1834. It had initially been planned to additionally include first South Africa and then Ceylon in the bank's operations; however, both these moves were blocked by the Lords of the Treasury. Its first branch opened in Sydney on 14 December 1835, followed by branches in Hobart and Launceston on 1 January 1836, in the latter city by taking over the former Cornwall Bank. A Melbourne branch opened on 28 August 1838 [2] and an Adelaide branch on 14 January 1839. It opened a Perth branch in May 1841 when it absorbed the original Bank of Western Australia; however, the branch was closed in 1844 and the bank would not reopen in that city until 1894. It suffered financial difficulties during the 1840s depression, in part because of a controversial loan to the failing Bank of Australia which resulted in significant litigation. [3] [4] [5]
Having opened a Geelong branch in 1846, it rapidly expanded throughout Victoria during the Victorian gold rush, with branches in Ballarat, Castlemaine, Williamstown, Portland, Warrnambool and Port Fairy opening in 1853-54 and Bendigo and Beechworth branches soon after. [6] It decided upon a New Zealand expansion in 1863, opening in Auckland, Christchurch and Dunedin in 1864 and Wellington in 1866. [3] [7] A grand headquarters was built on Collins Street in the heart of Melbourne's financial district in 1875–76. The bank survived the Australian banking crisis of 1893, which resulted in the collapse of a number of its competitors. [5] Its reopening in Western Australia following the discovery of gold in 1893 saw branches in Fremantle, Coolgardie and Cue in 1894 and Menzies and Kalgoorlie in 1895. [8]
It merged with the Union Bank of Australia to form the Australia and New Zealand Bank on 1 October 1951. [9]
A number of the bank's former branches are now heritage-listed. These include:
This article describes the history of the Australian colony and state of Victoria.
Williamstown is a suburb in Melbourne, Victoria, Australia, 11 km (6.8 mi) south-west of Melbourne's Central Business District, located within the City of Hobsons Bay local government area. Williamstown recorded a population of 14,407 at the 2021 census.
The Australia and New Zealand Banking Group Limited (ANZ) is an Australian multinational banking and financial services company headquartered in Melbourne, Victoria. It is Australia's second-largest bank by assets and fourth-largest bank by market capitalisation.
The Bank of New South Wales (BNSW), also known commonly as The Wales, was the first bank in Australia, being established in Sydney in 1817 and situated on Broadway. During the 19th century, the bank opened branches throughout Australia and New Zealand, expanding into Oceania in the 20th century. It merged with many other financial institutions, finally merging with the Commercial Bank of Australia in 1982 and being renamed to the Westpac Banking Corporation on 4 May that year under the Bank of New South Wales Act 1982.
Calder Highway is a rural highway in Australia, linking Mildura and the Victoria/New South Wales border to Bendigo, in North Central Victoria. South of Bendigo, where the former highway has been upgraded to freeway-standard, Calder Freeway links to Melbourne, subsuming former alignments of Calder Highway; the Victorian Government completed the conversion to freeway standard from Melbourne to Bendigo on 20 April 2009.
Robert Hoddle was a surveyor and artist. He is best known as the surveyor general of the Port Phillip District from 1837 to 1853, especially for creation of what is now known as the Hoddle Grid, the area of the CBD of Melbourne. He was also an accomplished artist and depicted scenes of the Port Phillip region and New South Wales. Hoddle was one of the earliest-known European artists to depict Ginninderra, the area now occupied by Canberra, Australia's National Capital.
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The following lists events that happened during 1951 in Australia.
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The Colonial Bank of Australasia was a bank operating primarily in the Australian colony and then state of Victoria from 1856 to 1918.
Westpac Banking Corporation, known simply as Westpac, is an Australian multinational banking and financial services company headquartered at Westpac Place in Sydney, New South Wales.
The English, Scottish & Australian Bank Limited was an Australian bank founded in 1852 by Royal Charter in London and named English, Scottish and Australian Chartered Bank. Following a financial reconstruction in 1893 its business was renamed English, Scottish and Australian Bank Limited.
The Union Bank of Australia was an Australian bank in operation from 1837 to 1951.
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The Western Australian Bank was a bank operating in Western Australia from 1841 to 1927.
The Ballarat Banking Company was a long-lasting regional bank based in the city of Ballarat, Victoria, Australia, operating from 1865 to 1955.
The London Chartered Bank of Australia was an English-run Australian bank which operated from 1852 to 1921.
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