Loading AI tools
Australian bank (1852–1970) From Wikipedia, the free encyclopedia
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]
Company type | Public |
---|---|
Industry | Banking |
Founded | 1852 |
Fate | Merged, 1 October 1970 |
Successor | Australia and New Zealand Banking Group Limited |
Known as ES&A it merged with ANZ on 1 October 1970 to form Australia and New Zealand Banking Group Limited.
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 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]
# | Name | Term start | Term end | Ref |
---|---|---|---|---|
Alexander Lang Elder | 1867 | 5 September 1885 | [9] | |
Paterson Ward | 13 October 1885 | 1886 | [10] | |
Frederick Hankey | 1886 | 9 April 1889 | [11][12] | |
Sir James McCulloch | 9 April 1889 | 23 July 1890 | [13][14] | |
Charles John Hegan | July 1890 | 2 December 1920 | [15] | |
Andrew Williamson | 2 December 1920 | 25 October 1937 | [16][17][18] | |
Sidney Marr Ward | 19 November 1937 | 2 September 1946 | [19][20][21][22] | |
Sir Frederick Young | 2 September 1946 | 26 August 1948 | [23][24] | |
Viscount Hampden | 29 September 1948 | 16 January 1969 | [25][26][27] |
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]
Seamless Wikipedia browsing. On steroids.
Every time you click a link to Wikipedia, Wiktionary or Wikiquote in your browser's search results, it will show the modern Wikiwand interface.
Wikiwand extension is a five stars, simple, with minimum permission required to keep your browsing private, safe and transparent.