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The all-stock deal valued St.George at A$18.6 billion (US$17.5 billion), or A$33.10 a share, a premium of 28.5% to the closing price of St.George shares on 9 May in Australia. St.George shareholders received 1.31 Westpac shares for each St.George share and owned 28.1% of the new entity.
The Bank of Melbourne is a financial institution operating in Victoria, Australia. A subsidiary of Westpac, it commenced operations on 25 July 2011. The Bank of Melbourne initially rebadged the Victorian business of St George Bank, another wholly owned subsidiary of Westpac, as part of a major local branding strategy. The customer-facing ...
The building society was demutualised in 1985 and became known as the Advance Bank. [3] In 1995, Advance Bank acquired the State Bank of South Australia, which it continued to run as a separate business unit as BankSA. [1] Advance Bank (and its BankSA subsidiary) was taken over in 1997 by St George Bank, itself another former building society. [4]
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Banking in Australia is dominated by four major banks: Commonwealth Bank, Westpac, Australia & New Zealand Banking Group and National Australia Bank.There are several smaller banks with a presence throughout the country which includes Bendigo and Adelaide Bank, Suncorp Bank, [1] and a large number of other financial institutions, such as credit unions, building societies and mutual banks ...
Robert (Rob) Ian Chapman (born 1964) is an Australian businessman, former CEO of St George Bank and former chairman of the Adelaide Football Club [1] and currently chair of the board of Adelaide Airport. [2] He has previously been considered to be one of South Australia's most influential people. [3]
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Investigators are trying to determine how a woman got past multiple security checkpoints this week at New York’s JFK International Airport and boarded a plane to Paris, apparently hiding in the ...