Commercial Banking Company of Sydney

Last updated

The Commercial Banking Company of Sydney Limited
Industry Banking
Founded1834
Defunct1982
FateMerger with National Bank of Australia
Successor National Australia Bank
Headquarters Sydney, Australia

The Commercial Banking Company of Sydney Limited, also known as the CBC, or CBC Bank, was a bank based in Sydney, Australia. It was established in 1834, and in 1982 merged with the National Bank of Australasia to form National Australia Bank.

Contents

History

Former CBC Bank in Wagga Wagga, New South Wales Former CBC Bank Wagga.jpg
Former CBC Bank in Wagga Wagga, New South Wales

On 8 September 1834 the Sydney Herald carried a notice titled "The Commercial Banking Company of Sydney" proposing the establishment of a new bank. [1] It began operations on 1 November 1834 [1] and in 1848 was incorporated by an Act of the New South Wales Parliament. Sir Edward Knox was the first bank manager and later a director. [2] Thomas Barker, a manufacturer, engineer, politician, landowner and philanthropist, was a notable director and chairman. William Rutledge (born 1806 - died 1876 Port Fairy, Victoria, Australia), merchant, banker and early settler, also became a director of the bank in 1839. [3]

The CBC grew to service the expanding pastoral and farming industries of the then Colony of New South Wales. [4]

It absorbed the Bank of Victoria in 1927. [5]

In July 1982, CBC Bank helped to fund a tour of Bob Merritt's play The Cake Man to Denver, Colorado. [6]

In 1982 the bank merged with the National Bank of Australasia to form National Australia Bank.[ citation needed ]

Legacy

The bank constructed many substantial and ornate buildings as branches throughout Australia. A number of extant buildings are heritage-listed, including:

Related Research Articles

<span class="mw-page-title-main">Dubbo</span> City in New South Wales, Australia

Dubbo is a city in the Orana Region of New South Wales, Australia. It is the largest population centre in the Orana region, with a population of 43,516 at June 2021.

<span class="mw-page-title-main">Commonwealth Bank</span> Australian multinational bank

The Commonwealth Bank of Australia (CBA), or CommBank, is an Australian multinational bank with businesses across New Zealand, Asia, the United States, and the United Kingdom. It provides a variety of financial services, including retail, business and institutional banking, funds management, superannuation, insurance, investment, and broking services. The Commonwealth Bank is the largest Australian listed company on the Australian Securities Exchange as of August 2015, with brands including Bankwest, Colonial First State Investments, ASB Bank, Commonwealth Securities (CommSec) and Commonwealth Insurance (CommInsure).

<span class="mw-page-title-main">Moree, New South Wales</span> Town in New South Wales, Australia

Moree is a town in Moree Plains Shire in northern New South Wales, Australia. It is located on the banks of the Mehi River, in the centre of the rich black-soil plains. The town is located at the junction of the Newell Highway and Gwydir Highway and can be reached by daily train and air services from Sydney.

<span class="mw-page-title-main">Newell Highway</span> Highway in New South Wales, Australia

Newell Highway is a national highway in New South Wales (NSW), Australia. It provides the major road link between southeastern Queensland and Victoria via central NSW and as such carries large amounts of freight. At 1,058 kilometres (657 mi) in length, the Newell is the longest highway in NSW, and passes through fifteen local government areas.

<span class="mw-page-title-main">Bank of Queensland</span> Australian financial institution

The Bank of Queensland (BOQ), formerly known as the Brisbane Permanent Benefit Building and Investment Society (BPBBIS) between 1874–1970, is an Australian retail bank with headquarters in Brisbane, Queensland. The bank is one of the oldest financial institutions in Queensland, having begun as a building society. It now has 111 owner-managed branches throughout Australia, including thirty-six corporate branches and third-party intermediaries. They also have over 2,300 ATMs.

<span class="mw-page-title-main">ANZ (bank)</span> Australian multinational bank

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.

<span class="mw-page-title-main">Bank of New South Wales</span> Banking company in New South Wales, Australia

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.

<i>Daily Liberal</i>

The Daily Liberal is a daily newspaper produced in the city of Dubbo, New South Wales, Australia. The news stories published relate particularly to the city of Dubbo and the surrounding district. The newspaper was first printed in 1875. The current price for the daily editions is A$2.00. It has previously been published as The Dubbo Liberal and Macquarie Advocate and The Daily Liberal and Macquarie Advocate.

Sir Colin Archibald Sinclair was an Australian politician.

<span class="mw-page-title-main">Reginald Weaver</span> Australian politician

Reginald Walter Darcy Weaver was an Australian conservative parliamentarian who served in the New South Wales Legislative Assembly for 28 years. Serving from 1917 in the backbenches, he entered the cabinet of Thomas Bavin in 1929 as Secretary for Mines and Minister for Forests until he returned to opposition in 1930. Following the success of the United Australia Party in the 1932 election, Weaver returned as the Secretary for Public Works and Minister for Health in the Stevens ministry.

<span class="mw-page-title-main">Bank of Australasia</span>

The Bank of Australasia was an Australian bank in operation from 1835 to 1951.

<span class="mw-page-title-main">Westpac</span> Australian multinational bank

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.

<span class="mw-page-title-main">English, Scottish & Australian Bank</span>

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.

George Allen Mansfield was a prominent Australian architect of the nineteenth century who designed many iconic buildings in Sydney, New South Wales, Australia.

<span class="mw-page-title-main">National Bank of Australasia</span>

The National Bank of Australasia was a bank based in Melbourne. It was established in 1858, and in 1982 merged with the Commercial Banking Company of Sydney to form National Australia Bank.

<span class="mw-page-title-main">National Australia Bank building, Dubbo</span> Historic site in New South Wales, Australia

The National Australia Bank building is a heritage-listed former bank building located at 110–114 Macquarie Street, Dubbo, Dubbo Regional Council, New South Wales, Australia. It was designed by Laurie and Heath. It is also known as the National Australia Bank or the CBC Bank building. The property is privately owned and was added to the New South Wales State Heritage Register on 2 April 1999.

<span class="mw-page-title-main">Talbragar Shire Council Chambers</span> Historic site in New South Wales, Australia

The Talbragar Shire Council Chambers is a heritage-listed former council chambers and former bank building located in Macquarie Street, Dubbo, in the Dubbo Regional Council local government area of New South Wales, Australia. The building was designed by Architect Hilley. It is also known as CBC Bank and Commercial Banking Company. The property is owned by Dubbo Regional Council and was added to the New South Wales State Heritage Register on 2 April 1999.

<span class="mw-page-title-main">Commercial Banking Company of Sydney, Campbelltown Branch (former)</span> Historic site in New South Wales, Australia

Commercial Banking Company of Sydney (CBC), Campbelltown Branch is a heritage-listed former restaurant, offices and bank building and now medical centre located at 263 Queen Street, Campbelltown in the City of Campbelltown local government area of New South Wales, Australia. It was designed by Mansfield Brothers and built from 1874 to 1881. It is also known as Old CBC Bank; CBC Bank. The property is privately owned. It was added to the New South Wales State Heritage Register on 2 April 1999.

<span class="mw-page-title-main">341 George Street, Sydney</span> Heritage-listed building in Sydney, Australia

341 George Street, Sydney is a heritage-listed bank building located at 341 George Street, in the Sydney central business district, in the City of Sydney local government area of New South Wales, Australia. It was built from 1927 to 1932 and housed the headquarters of the Bank of New South Wales, and later Westpac. It is also known as Westpac Bank building and Bank of NSW building. Westpac sold the building in 2002, but continues to lease the lower floors for use as banking chambers. The upper floors are leased by other tenants.

<span class="mw-page-title-main">343 George Street, Sydney</span> Heritage-listed building in Sydney, Australia

343 George Street, Sydney is a heritage-listed former bank building and now nine-storey retail and commercial premises. It is located at 343 George Street in the Sydney central business district, in the City of Sydney local government area of New South Wales, Australia. It was built from 1921 to 1925, and until 2008 housed banking premises of the Commercial Banking Company of Sydney (CBC) and later National Australia Bank. The building is also known as CBC Bank, NAB Bank and Barrack House. The property is now owned by the New South Wales Government-owned superannuation fund. The ground floor is leased as retail premises, while the upper storeys are used as commercial office space.

References

  1. 1 2 "Some Important Dates in the C.B.C.'s History". Macquarie Communications. 28 September 2008.
  2. "Coal, climate change collide as customers query banks' green credentials". The Sydney Morning Herald. 20 May 2014.
  3. Rutledge, Martha. "Rutledge, William (Billy) (1806–1876)". Australian Dictionary of Biography . National Centre of Biography, Australian National University. ISSN   1833-7538 . Retrieved 16 May 2021.
  4. "National Australia Bank rules out funding Adani's Carmichael coal mine". The Sydney Morning Herald. 3 September 2015.
  5. "Year's banking changes". The West Australian . Western Australia. 28 December 1927. p. 12. Retrieved 14 February 2020 via Trove.
  6. Lewis, Berwyn (27 June 1982). "Return of The Cake Man" (PDF). The National Times . p. 29.