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English, Scottish and Australian Bank

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[1] its business was renamed English, Scottish and Australian Bank Limited.

English, Scottish & Australian Bank Limited
Public
IndustryBanking
FateMerged, 1 October 1970
SuccessorAustralia and New Zealand Banking Group Limited
Founded1852
Defunct1970 Edit this on Wikidata
Headquarters,
The former English, Scottish & Australian Bank building in Trayning, Western Australia in 2014
The former English, Scottish & Australian Bank building in Trayning, Western Australia in 2014

Known to all as ES&A it merged with ANZ in 1 October 1970 to form Australia and New Zealand Banking Group Limited.

HistoryEdit

ES&A opened its first Australian branch in Sydney in 1853. Australian banknotes were printed by the bank and issued at branches in Sydney, Adelaide, Hobart and Melbourne. In 1893 its business was renamed the English, Scottish & Australian Bank Limited following a financial upheaval.

It was one of 16 banks which supplied blank note forms to the Australian Government in 1911 which were superscribed as redeemable in gold and issued as the first Commonwealth notes.

The Commercial Bank of Tasmania Limited and the London Bank of Australia Limited were taken over in 1921 and the Royal Bank of Australia Limited in 1927.

On 1 October 1970 ES&A merged with the Australia and New Zealand Bank to form the Australia and New Zealand Banking Group Limited.[2] At the time of the merger ES&A had a network of about 570 branches across Australia.

EsandaEdit

Esanda was a consumer finance division of ES&A which began separate operations in 1955.[3] Its name is an acronym of ES&A. In 2015 ANZ sold Esanda to Macquarie Group.

Notable staffEdit

Charles Wren became the accountant and branch inspector for South Australia in 1881. He moved to Melbourne in 1888 as inspector's accountant. He was appointed resident inspector in New South Wales in 1901, and became the bank's Australasian general manager in July 1909.[4]

ReferencesEdit

  1. ^ "NAME OF THE NEW BANK". The Herald (4011). Victoria, Australia. 29 April 1893. p. 1. Retrieved 19 October 2019 – via National Library of Australia.
  2. ^ "Advertising". Papua New Guinea Post-courier. International, Australia. 1 October 1970. p. 8. Retrieved 19 October 2019 – via National Library of Australia.
  3. ^ "Advertising". The Argus (Melbourne). Victoria, Australia. 19 November 1955. p. 18. Retrieved 19 October 2019 – via National Library of Australia.
  4. ^ Hart, T. J. (1990). "Wren, Charles William (1856–1934)". Australian Dictionary of Biography. National Centre of Biography, Australian National University. Retrieved 19 November 2018.

External linksEdit