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MyState was founded as a Credit Union in Tasmania, Australia under the name Connect Credit Union, which was created from the merging of two credit unions, the Teachers, Police and Nurses Credit Union and Savings & Loans (Credit Union Cooperartive).
So began Australia's first State bank, and was soon emulated by Victoria, Western Australia, Queensland and New South Wales. [ 1 ] In the 24 years Wright was at the helm (1896–1920) the bank funded £7,250,000 of loans to around 10,000 mortgagors. [ 4 ]
The company was established in 1988 when the State Bank of New South Wales created First State Fund Management as a subsidiary. In 1994, Colonial Mutual acquired the State Bank of New South Wales from the NSW Government, and on 23 September 1996 the merged entity was rebranded as Colonial State Bank, with First State Fund Management being branded as "Colonial First State" (CFS).
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The Savings Bank of South Australia later merged with the former State Bank of South Australia (established 1896), becoming the new State Bank, owned by the Government of South Australia, in 1984. [2] The State Bank of South Australia was compartmentalised and bought by The Advance Bank due to deteriorating loan book and financial management ...
Australian Military Bank (previously Australian Defence Credit Union) [5] Sydney: 1959: Australian Mutual Bank (previously Sydney Credit Union & Endeavour Mutual Bank) [6] Sydney: 1953 Customer-Owned [7] Certified 2022 [8] Australian Settlements Limited [9] Sydney: 1993: Australian Unity Bank [10] Melbourne: 1840 Subsidiary of Australian Unity ...
State Savings Bank of Tasmania: established 1902, taken over by Commonwealth Bank in 1913; Victoria. State Bank of Victoria: established 1842, collapsed in 1991 and sold to the Commonwealth Bank; Western Australia. Bank of Western Australia: established 1895, privatised and sold to Bank of Scotland in 1995, now owned by Commonwealth Bank ...
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 ...