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The Adelaide Bank was a publicly listed bank with its head office in Adelaide, South Australia. It was established on 1 January 1994 from the Co-operative Building Society of South Australia Limited, which was Australia's largest building society as a result of a merger with the Hindmarsh Building Society.Our History
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 Australian Stock Exchange, ASX that companys with more than 110,000 shareholders. Since 2008 the new entity has been known as the Bendigo and Adelaide Bank.Adelaide Bank Merger Update
, Bendigo and Adelaide Bank Group From 1877 to 1968 it was known as the Hindmarsh Loan, Land, Building and Investment Society, at which time 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 to mark the centenary 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 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
{{Authority control Defunct banks of Australia Banks established in 1994 Banks disestablished in 2007 1994 establishments in Australia
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 Australian Stock Exchange, ASX that companys with more than 110,000 shareholders. Since 2008 the new entity has been known as the Bendigo and Adelaide Bank.Adelaide Bank Merger Update
History
As a building society
The Hindmarsh Building Society was established in 1877 in Hindmarsh, South Australia, 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, at which time 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 to mark the centenary 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 was Australia's largest building society 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
{{Authority control Defunct banks of Australia Banks established in 1994 Banks disestablished in 2007 1994 establishments in Australia