St. George Bank
| St. George Bank
|
|
|---|---|
 |
|
| legal form | Corporation |
| founding | 1937 |
| Seat | Sydney , Australia |
| management | Greg Bartlett (CEO) (2008) |
| Branch | Banking, finance |
| Website | www.stgeorge.com.au |
St. George Bank is an Australian bank headquartered in Sydney that has been part of Westpac since December 2008 .
St. George is mainly active in New South Wales , the subsidiary BankSA (formerly State Bank of South Australia) is the bank with the largest number of branches in South Australia . The company also has locations in other Australian states, including Bangalore in India.
history
.
- 1937: Founding as a cooperative building society in the suburbs of South Sydney.
- 1945: Merged with the Cronulla District Cooperative Building Society and then had 38 branches.
- 1992: Acquisition of the banking license.
- 1994: Acquisition of the Commercial Banking division of Barclays Australia. Introduction of electronic banking for business customers.
- 1997: Acquisition of BankSA . St.George Bank became the fifth largest bank in Australia.
- 1998: Takeover of Sealcorp .
- 1999: KPMG Financial Services was acquired.
- 2000: Acquisition of the Scottish Pacific Business Finance Group .
- 2001: Takeover of the Australian lending business of Deutsche Bank .
- 2002: Joint venture with Foodstuffs, New Zealand's largest supermarket retailer, to set up a bank.
Merger with Westpac
In May 2008, the St.George Group entered into merger talks with Westpac Banking Corporation. Following regulatory approval and due diligence, shareholders approved the merger in November. On December 1, 2008, St George became part of the Westpac Group, which contributed nearly 30% of the merged entity and created a leading financial services company in Australia. On March 1, 2010, the Westpac Group was incorporated as an authorized depository institution and the legal entity St.George Bank Limited was deregistered. St. George Bank is now an important division of the Westpac Group.
Even after the takeover by Westpac, the brand names St. George and BankSA have been retained.
Individual evidence
- ↑ Article in the Süddeutsche Zeitung of May 13, 2008 on the merger ( page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.
- ↑ St.George and Westpac merger FAQ ( Memento of the original from May 4, 2009 in the Internet Archive ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ our-history. www.stgeorge.com.au, accessed February 18, 2019 .
- ↑ St. George FAQ on the merger ( Memento of the original dated February 7, 2009 in the Internet Archive ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ BankSA FAQ on the merger ( Memento of the original from April 3, 2009 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
Web links
- Site of St. George Bank (English)
- Website Banksa (English)