Bank of South Australia - Definition and Overview

St. George Bank is the fifth largest bank in Australia. It trades mostly in New South Wales and in South Australia through its subsidary, BankSA.

History

St. George Bank was founded in 1937 as a building society called "St. George's Cooperative Building Society" in New South Wales and eventually grew to be the largest building society in Australia and it became a bank in July 1992. It then merged with Advance Bank in 1997.

BankSA

BankSA logo

The Bank of South Australia, known commercially as BankSA, was originally the State Bank of South Australia. It was sold to and merged with Advance Bank due to a collapse and bailout by the Government in 1992. BankSA has 55 branches in metropolitan Adelaide, 66 in rural South Australia (totalling 121 overall in the state, more than any other bank in South Australia), four in the Northern Territory and one in Queensland.

External links

• Official site (http://www.stgeorge.com.au)
• BankSA (http://www.banksa.com.au)

This Australia-related article is a stub. You can help Wikipedia by expanding it (http://www.wordiq.com/definition/St._George_Bank).