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The Australian Joint Stock Bank was a bank in Australia. It operated from 1852 to 1910, after which it became the Australian Bank of Commerce and then was taken over by the
The Australian Joint Stock Bank was a bank in Australia. It operated from 1852 to 1910, after which it became the Australian Bank of Commerce and then was taken over by the Bank of New South Wales
The Bank of New South Wales (BNSW), also known commonly as The Wales, was the first bank in Australia, being established in Sydney in 1817 and situated on Broadway. During the 19th century, the bank opened branches throughout Australia and N ...
in 1931.
History
The Australian Joint Stock Bank was created in 1852 by an Act of theNew South Wales Parliament
The Parliament of New South Wales is a bicameral legislature in the Australian state of New South Wales (NSW), consisting of the New South Wales Legislative Assembly (lower house) and the New South Wales Legislative Council (upper house). Each ...
. It issued its first banknotes in 1862.
In 1910, the Australian Bank of Commerce was registered in New South Wales under the Joint Stock Companies Act to take over the Australian Joint Stock Bank. In 1917 it acquired the City Bank of Sydney.
In 1931, the Bank of New South Wales (now 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, ...
) acquired the Australian Bank of Commerce.
Heritage buildings
Some of the former bank's buildings are now heritage-listed, including: * Australian Joint Stock Bank Building, Maryborough * Australian Joint Stock Bank Building, Townsville *Gympie Stock Exchange
Gympie Stock Exchange is a heritage-listed former bank building and former stock exchange at 236 Mary Street, Gympie, Gympie Region, Queensland, Australia. It was designed by Francis Drummond Greville Stanley and built from 1881 to 1882. It is ...
(originally built for the Australian Joint Stock Bank)
*Commonwealth Bank Building, Mackay
Commonwealth Bank Building is a heritage-listed bank building at 63 Victoria Street, Mackay, Queensland, Mackay, Mackay Region, Queensland, Australia. It was designed by Francis Drummond Greville Stanley and built in 1880 by Southall & Tracey. ...
(originally built for the Australian Joint Stock Bank)
References
External links
{{commons category-inline, Australian Joint Stock Bank Defunct banks of Australia Banks established in 1852 1852 establishments in Australia Banks disestablished in 1910 1910 disestablishments in Australia 1910 mergers and acquisitions