Challenge Bank was an Australian bank. It was established in April 1987 when the Hotham Permanent Building Society of Victoria and Perth Building Society of

Western Australia Western Australia (commonly abbreviated as WA) is a state of Australia occupying the western percent of the land area of Australia excluding external territories. It is bounded by the Indian Ocean to the north and west, the Southern Ocean to ...

merged. In December 1995 it was purchased by

Westpac Westpac Banking Corporation, known simply as Westpac, is an Australian multinational banking and financial services company headquartered at Westpac Place in Sydney, New South Wales. Established in 1817 as the Bank of New South Wales, ...

. In May 1996, the Victorian business was sold to the Bank of Melbourne that in turn was purchased by Westpac in 1997.Westpac and Bank of Melbourne (Challenge Bank) Act 1996

Government of Victoria The Victoria State Government, also referred to as just the Victorian Government, is the state-level authority for Victoria, Australia. Like all state governments, it is formed by three independent branches: the executive, the judicial, and t ...

The Challenge Bank brand was retired in the early 2000s.

References

{{Westpac, state=collapsed Banks established in 1987 Companies based in Perth, Western Australia Companies formerly listed on the Australian Securities Exchange Defunct banks of Australia Westpac 1987 establishments in Australia