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The bank was incorporated in 1990, and in 1994 changed its name to the Bank of Western Australia with the trading name Bankwest, in preparation for privatisation. [11] In December 1995, the Bank of Scotland acquired the bank, and as part of the sale agreement, offered 49 per cent of the shares in Bankwest to the public.
Former Western Australian Bank headquarters, demolished 1970s. The Western Australian Bank was a bank operating in Western Australia from 1841 to 1927.. It was formed amidst the aftermath of the sale of the first Bank of Western Australia (1837–1841), which had sold out to the Bank of Australasia, as prominent colonists dissatisfied with the sale of the local bank to an English institution ...
The paired groups of arched windows have classical pillars and prominent architraves. A number of classical motifs have been utilised to embellish the façade. [2] The building was built in 1890 [3] [2] for the Commercial Bank during the Western Australian gold rush period when prospectors would disembark at Albany then travel further north. [4]
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There are a number of foreign subsidiary banks; however, only a few have a retail banking presence — HSBC Bank Australia, Bank of Sydney and Citibank Australia have a small number of branches. Foreign banks have a more significant presence in the Australian merchant banking sector.
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