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.[1] Following a financial reconstruction in 1893 its business was renamed English, Scottish and Australian Bank Limited.[2]

Quick Facts Company type, Industry ...
English, Scottish & Australian Bank Limited
Company typePublic
IndustryBanking
Founded1852
FateMerged, 1 October 1970
SuccessorAustralia and New Zealand Banking Group Limited
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Sydney branch of the English, Scottish and Australian Bank, 1872. (State Library of New South Wales).
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Former Melbourne branch corner of Queen Street and Collins Street, Built in 1883.
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The former English, Scottish & Australian Bank building in Trayning, Western Australia in 2014

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

History

ES&A opened its first Australian branch in Sydney in 1853.[3] 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.[4]

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 and the London Bank of Australia were taken over in 1921 and the Royal Bank of Australia in 1927.[5]

Prominent South Australian architect F. Kenneth Milne designed several buildings for the bank before 1929.[6]

On 1 October 1970 ES&A merged with the Australia and New Zealand Bank to form the Australia and New Zealand Banking Group Limited.[7] At the time of the merger ES&A had a network of about 570 branches across Australia.

Esanda

Esanda was a consumer finance division of ES&A which began separate operations in 1955.[8] Its name is an acronym of ES&A. In 2015 ANZ sold Esanda to Macquarie Group.[citation needed]

Executive leadership

Chairmen

More information #, Name ...
#NameTerm startTerm endRef
Alexander Lang Elder1867 (1867)5 September 1885 (1885-09-05)[9]
Paterson Ward13 October 1885 (1885-10-13)1886 (1886)[10]
Frederick Hankey1886 (1886)9 April 1889 (1889-04-09)[11][12]
Sir James McCulloch9 April 1889 (1889-04-09)23 July 1890 (1890-07-23)[13][14]
Charles John HeganJuly 1890 (1890-07)2 December 1920 (1920-12-02)[15]
Andrew Williamson2 December 1920 (1920-12-02)25 October 1937 (1937-10-25)[16][17][18]
Sidney Marr Ward19 November 1937 (1937-11-19)2 September 1946 (1946-09-02)[19][20][21][22]
Sir Frederick Young2 September 1946 (1946-09-02)26 August 1948 (1948-08-26)[23][24]
Viscount Hampden29 September 1948 (1948-09-29)16 January 1969 (1969-01-16)[25][26][27]
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Notable staff

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.[28]

References

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