What happened to the State Bank NSW?
James Olson
Updated on April 03, 2026
The bank started in 1933 as the Rural Bank of NSW, which was a bank that primarily lent to and dealt with farmers. On 14 May 1990, the existing State Bank was dissolved, and all of its assets and business undertaking were vested in an incorporated State Bank, limited by shares.
When did Bank of New South Wales start?
8 April 1817
Bank of New South Wales/Founded
Who took over the Bank of New South Wales?
It was established in 1817 as the Bank of New South Wales under a charter of incorporation provided by Governor Lachlan Macquarie. In October 1982 it changed its name to Westpac Banking Corporation following the acquisition of the Commercial Bank of Australia.
Who did State Bank merge with?
The transaction will add American State Bank & Trust’s 17 Kansas locations to Equity Bank’s current network. The combined company would have approximately $5 billion in total assets once the merger completes, based on data from March 31, 2021.
Who bought Advance Bank?
St George Bank
Advance Bank (and its BankSA subsidiary) was taken over in 1997 by St George Bank, itself another former building society.
Who did State bank merge with?
When was the State Bank of New South Wales taken over?
The State Bank of New South Wales, (from 1933 until 1982 known as the Rural Bank of New South Wales), was a bank that was owned by the Government of New South Wales. It existed from 1933 until 1994, when it was taken over by the Colonial State Bank and then the Commonwealth Bank in 2000.
When did Westpac Bank of New South Wales change its name?
The Parliament of New South Wales passed the Bank of New South Wales (Change of Name) Act 1982 on 4 May 1982, completing the name change. The new Westpac brand-name incorporated the “W” which had been the logo of the Bank of New South Wales (popularly known as “the Wales”). The name Westpac is a portmanteau of Western Pacific.
When did the Commonwealth Bank take over the State Bank?
In 1982 its name was changed to the State Bank, and in 1994 was sold to Colonial. The Colonial State Bank carried on until 2000, when it was taken over by the Commonwealth Bank. Former State Bank, 2012. The clock wasn’t working.
Where was the first bank in Australia located?
Bank of New South Wales. 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 and early 20th century, the Bank opened branches first throughout Australia and Oceania.
