The Commercial Bank of South Australia was a South Australian

bank A bank is a financial institution that accepts 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 markets. Because ...

founded in 1878 that failed in February 1886 due to fraudulent loans and transfers by the Manager,

Alexander Crooks Alexander is a male given name. The most prominent bearer of the name is Alexander the Great, the king of the Ancient Greek kingdom of Macedonia who created one of the largest empires in ancient history. Variants listed here are Aleksandar, Al ...

and Accountant, Alexander McKenzie Wilson. It was also notable for the problems experienced in its liquidation.

Directors

* John Beck; also largest shareholder, in London at time of collapse; never returned. * Charles Rischbieth *

Maurice Salom Maurice Salom (1 July 1831 – 10 October 1903) was a businessman and politician in the colony of South Australia. Biography Salom was born in London to A. H. Salom, a member of an old family of Sephardic Jews, a merchant and at one time a plan ...

* Robert Alfred Tarlton Chairman of Directors * Alfred Tennant *

James Crabb Verco James Crabb Verco (1814 – 2 February 1891) was an early settler in the colony of South Australia, builder, businessman and parliamentarian. He was the father of Joseph Cooke Verco. History Verco left his home town Callington, Cornwall for Sou ...

References

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External links

Ron A. Potter, "With Faith and Courage": The Bank of Adelaide 1865 - 1965
at ANZ Bank Retired Officers] Retrieved 27 Mar 2016] Defunct banks of Australia Bank failures Banks disestablished in 1886 1886 disestablishments in Australia