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The Adelaide Bank was a publicly listed
Adelaide Bank, web.archive.org On 9 August 2007 it merged with Bendigo Bank () to form Bendigo and Adelaide Bank Limited, and Adelaide Bank shares ceased to be quoted on the top 100 ASX for companies with more than 110,000 shareholders. Since 2008 the new entity has been known as the
, Bendigo and Adelaide Bank Group From 1877 to 1968 it was known as the Hindmarsh Loan, Land, Building and Investment Society, after which it became known as the Hindmarsh Building Society. In October 1974 the Hindmarsh Building Society was briefly subject to a "run". The State Premier, Don Dunstan, arrived with a loud-hailer to assure people that their money was safe and that the building society was backed by the state government. In 1977 it donated the " Mall's Balls" (''The Spheres'' by Herbert Flugelman) to the
The Co-operative Building Society of South Australia Limited was founded by Alwin Fischer and incorporated in 1900,Co-operative Building Society of South Australia Limited
www.slsa.sa.gov.au and by 1990, the building society's asset base passed the $1 billion mark. In 1992 the Society amalgamated with the Hindmarsh Building Society.
www.gabr.net.au
, On 9 August 2007, the Adelaide Bank was merged with the Bendigo Bank. On 12 November 2007, ~98% of the Adelaide Bank Ordinary Shareholders voted their support for the merger. The Federal Courts then approved the merger on Friday, 16 November and the implementation date of the merged bank was Friday, 30 November. In March 2008 the merged bank officially changed its name to ''Bendigo and Adelaide Bank Limited''.Organisational design and executive team for merged Bendigo Bank and Adelaide Bank announced
30 November 2007, ASX release, www.asx.com.au
NLA catalogue
Website
{{Portal bar, Companies, Bank, Australia Defunct banks of Australia Banks established in 1994 Banks disestablished in 2007 1994 establishments in Australia
bank
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital m ...
with its head office in Adelaide
Adelaide ( , ; ) is the list of Australian capital cities, capital and most populous city of South Australia, as well as the list of cities in Australia by population, fifth-most populous city in Australia. The name "Adelaide" may refer to ei ...
, South Australia
South Australia (commonly abbreviated as SA) is a States and territories of Australia, state in the southern central part of Australia. With a total land area of , it is the fourth-largest of Australia's states and territories by area, which in ...
. It was established on 1 January 1994 from the Co-operative Building Society of South Australia Limited, which was Australia
Australia, officially the Commonwealth of Australia, is a country comprising mainland Australia, the mainland of the Australia (continent), Australian continent, the island of Tasmania and list of islands of Australia, numerous smaller isl ...
's largest building society
A building society is a financial institution owned by its members as a mutual organization, which offers banking institution, banking and related financial services, especially savings and mortgage loan, mortgage lending. They exist in the Unit ...
as a result of a merger with the Hindmarsh Building Society.Our HistoryAdelaide Bank, web.archive.org On 9 August 2007 it merged with Bendigo Bank () to form Bendigo and Adelaide Bank Limited, and Adelaide Bank shares ceased to be quoted on the top 100 ASX for companies with more than 110,000 shareholders. Since 2008 the new entity has been known as the
Bendigo and Adelaide Bank
Bendigo and Adelaide Bank (trading as Bendigo Bank), is an Australian financial institution, operating primarily in retail banking. The company was formed by the merger of Bendigo Bank and Adelaide Bank in November 2007.
Prior to the merger, B ...
.Adelaide Bank Merger UpdateHistory
As a building society
The Hindmarsh Building Society was established in 1877 inHindmarsh, South Australia
Hindmarsh is an inner Suburbs and localities (Australia), suburb of Adelaide, South Australia. It is located in the City of Charles Sturt.
The suburb is located between South Road, Adelaide, South Road to the west and North Adelaide. The Rive ...
, on the principles that "home ownership is the cornerstone of a successful community and that owning a home should be possible for everyone".About Us, Bendigo and Adelaide Bank Group From 1877 to 1968 it was known as the Hindmarsh Loan, Land, Building and Investment Society, after which it became known as the Hindmarsh Building Society. In October 1974 the Hindmarsh Building Society was briefly subject to a "run". The State Premier, Don Dunstan, arrived with a loud-hailer to assure people that their money was safe and that the building society was backed by the state government. In 1977 it donated the " Mall's Balls" (''The Spheres'' by Herbert Flugelman) to the
City of Adelaide
The City of Adelaide, also known as the Corporation of the City of Adelaide and Adelaide City Council, is a Local government in Australia, local government area in the metropolitan area of greater Adelaide, South Australia. It is legally defi ...
to mark the centenary
A centennial, or centenary in British English, is a 100th anniversary or otherwise relates to a century.
Notable events
Notable centennial events at a national or world-level include:
* Centennial Exhibition, 1876, Philadelphia, Pennsylvania. ...
of the society.
The Co-operative Building Society of South Australia Limited was founded by Alwin Fischer and incorporated in 1900,Co-operative Building Society of South Australia Limitedwww.slsa.sa.gov.au and by 1990, the building society's asset base passed the $1 billion mark. In 1992 the Society amalgamated with the Hindmarsh Building Society.
www.gabr.net.au
As a bank
Adelaide Bank was established on 1 January 1994 from the Co-operative Building Society of South Australia Limited, which wasAustralia
Australia, officially the Commonwealth of Australia, is a country comprising mainland Australia, the mainland of the Australia (continent), Australian continent, the island of Tasmania and list of islands of Australia, numerous smaller isl ...
's largest building society
A building society is a financial institution owned by its members as a mutual organization, which offers banking institution, banking and related financial services, especially savings and mortgage loan, mortgage lending. They exist in the Unit ...
as a result of a merger with the Hindmarsh Building Society in 1992.Bendigo & Adelaide Bank Website, About Us page, On 9 August 2007, the Adelaide Bank was merged with the Bendigo Bank. On 12 November 2007, ~98% of the Adelaide Bank Ordinary Shareholders voted their support for the merger. The Federal Courts then approved the merger on Friday, 16 November and the implementation date of the merged bank was Friday, 30 November. In March 2008 the merged bank officially changed its name to ''Bendigo and Adelaide Bank Limited''.
30 November 2007, ASX release, www.asx.com.au
References
Further reading
* Anne Fricker (1988) "Cooperation, The History of the Cooperative Building Society of South Australia" * Rob Linn (1989) "For the benefit of the people : a history of Hindmarsh Adelaide Building Society"NLA catalogue
External links
Website
{{Portal bar, Companies, Bank, Australia Defunct banks of Australia Banks established in 1994 Banks disestablished in 2007 1994 establishments in Australia