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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 ...
Subsidiary of Bendigo & Adelaide Bank: St George Bank: Sydney: 1992: Subsidiary of Westpac: Suncorp Bank: Brisbane: 1902: Subsidiary of ANZ: Teachers Mutual Bank: Sydney: 1966: Customer-Owned [35] Certified 2022 [36] Tyro Payments: Sydney: 2003: UBank (previously 86 400) Melbourne: 2008: Division of National Australia Bank: Unity Bank Aust ...
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National Australia Bank; Westpac; A longstanding policy of the Federal Government in Australia has been to maintain this status quo, called the four pillars policy. The policy has been maintained through the Global Recession of 2008–09, as Westpac acquired St George Bank and the Commonwealth Bank acquired Bankwest, reinforcing the special ...
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 ...
Regional General Manager for the Commonwealth Bank of Australia's operations in South Australia, Northern Territory and Western Australia (-2002) [2] [5] Managing Director of BankSA (2002-2010) [2] [6] Chief Executive Officer of St. George Bank (2010-2012) [2] [7] Chapman was appointed a Member of the Order of Australia in the 2025 Australia ...
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]