Western Australian Bank

The first Western Australian Bank was established in late 1837 or early 1838 and purchased by the Australasian Bank for £1,000 in May 1841. This represented a massive profit for the original promoters, who promptly established the Western Australian Bank Joint-Stock Company operating under the old name in competition with its purchaser.[1]

The Western Australian Bank was purchased by the Bank of New South Wales in March 1927 for £2,012,500. This was the first merger or absorption by the establishment.[2][3][4]

ReferencesEdit

  1. ^ "The Western Australian Journal". The Perth Gazette And Western Australian Journal. IX (432). Western Australia. 15 May 1841. p. 2. Retrieved 6 April 2019 – via National Library of Australia.
  2. ^ "An Investor's Diary". The Daily News (Perth). XLIX (17, 128). Western Australia. 27 March 1930. p. 8. Retrieved 6 April 2019 – via National Library of Australia. The author gives an interesting potted history of the Bank of NSW.
  3. ^ History of Western Australian Bank, 1841-1927, 1950, retrieved 6 February 2020
  4. ^ Richmond, Barbara (1956), The Western Australian Bank, retrieved 6 February 2020