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

Victoria Victoria most commonly refers to: * Victoria (Australia), a state of the Commonwealth of Australia * Victoria, British Columbia, provincial capital of British Columbia, Canada * Victoria (mythology), Roman goddess of Victory * Victoria, Seychelle ...

and

Perth Building Society Perth Building Society was Western Australia’s first building society. It operated from 1862 to 1987, when it amalgamated with the Hotham Permanent Building Society to form Challenge Bank. PBS was founded by WA Attorney General George Frederick ...

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 th ...

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, it ...

. 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), Victoria, Australia. Like all state governments, it is formed by three independent branches: the executive ...

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