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.
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Industry | Banking |
---|---|
Founded | 1834 |
Defunct | 1982 |
Fate | Merger with National Bank of Australia |
Successor | National Australia Bank |
Headquarters | Sydney, Australia |
History
![Thumb](http://upload.wikimedia.org/wikipedia/commons/thumb/f/f4/Former_CBC_Bank_Wagga.jpg/640px-Former_CBC_Bank_Wagga.jpg)
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:
- Armidale branch office
- Bega branch office
- Berrima branch office
- Dubbo branch – first office, Corner of Bultje and Macquarie Streets
- Dubbo branch – second office, 110–114 Macquarie Street
- Kiama branch office
- Moree Plains Gallery now known as Bank Art Museum Moree (BAMM)
References
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