financial service activities, except insurance and pension funding
Founded
1837
Defunct
1951
Fate
merged with Bank of Australasia to form Australia New Zealand Bank
Headquarters
London
,
England
Area served
Australia
The Union Bank of Australia was an Australian bank in operation from 1837 to 1951.[1]
It was established in London in October 1837 with a subscribed capital of £500,000. The foundation of the bank had followed a visit to England by Van Diemen's Land banker Philip Oakden with a view to forming a large joint stock bank operating across the Australasian colonies, during which time he gained the support of businessman and banker George Fife Angas who had founded the South Australian Company. The new bank absorbed Oakden's struggling Launceston-based Tamar Bank upon his return, and opened its first branch in the former Tamar Bank premises on 1 May 1838. It expanded into Victoria on 18 October 1838, when it acquired the Melbourne business of the Tasmanian Derwent Bank, which had been the first bank in the city. It then opened its first Sydney branch on 2 January 1839.[2][3] In 1840, it opened its first New Zealand branch in Wellington.[4] In its early years, it had an agreement with the original Bank of South Australia, of which Angas was also a director, not to open branches in that colony; however, an Adelaide branch was established in 1850.[5] A Brisbane branch opened in 1858 and a branch in Perth followed in 1878.[6][4]
It became the Union Bank of Australia Limited in 1880.[1] The bank remained open throughout the economic crises of the 1890s. It acquired the Bank of South Australia in 1892.[7] By its centenary in 1937, it had 267 branches and agencies through Australia and New Zealand.[8][3]
It merged with the Bank of Australasia to form the Australia and New Zealand Bank Limited in 1951.[1]
^ abc"Union Bank of Australia Ltd (1837 - 1951)". Guide to Australian Business Records. Retrieved 24 November 2018.
^"THE UNION BANK OF AUSTRALIA". Illustrated Sydney News. Vol. XXV, no. 5. New South Wales, Australia. 31 May 1888. p. 25. Retrieved 23 November 2018 – via National Library of Australia.
^ ab"Centenary Of Union Bank". Smith's Weekly. Vol. XX, no. 39. New South Wales, Australia. 26 November 1938. p. 25. Retrieved 23 November 2018 – via National Library of Australia.
^ ab"THE UNION BANK". The Riverine Grazier. New South Wales, Australia. 3 September 1937. p. 4. Retrieved 24 November 2018 – via National Library of Australia.
^"UNION BANK". The Advertiser (Adelaide). South Australia. 12 July 1933. p. 19 (South Australian Register (Adelaide SA : 1839–1900)). Retrieved 24 November 2018 – via National Library of Australia.
^"Union Bank's Centenary". Daily Mercury. Vol. 71, no. 210. Queensland, Australia. 3 September 1937. p. 2. Retrieved 24 November 2018 – via National Library of Australia.
^"Bank of South Australia, Adelaide". SAMemory. State Library of South Australia. Retrieved 24 November 2018.
^"UNION BANK". The Forbes Advocate. Vol. 26, no. 70. New South Wales, Australia. 1 October 1937. p. 5. Retrieved 23 November 2018 – via National Library of Australia.
and 22 Related for: Union Bank of Australia information
The UnionBankofAustralia was an Australianbank in operation from 1837 to 1951. It was established in London in October 1837 with a subscribed capital...
863 customer-members. As of 2024[update], BankAustralia is an amalgamation of 72 credit unions and co-operatives. The bank has its origins in the 19...
list ofbanks in Australia, as well as restricted ADIs, credit unions, friendly societies and subsidiaries and branches of foreign banks in Australia. Financial...
The Bankof Australasia was an Australianbank in operation from 1835 to 1951. Headquartered in London, the bank was incorporated by royal charter in March...
Banking in Australia is dominated by four major banks: Commonwealth Bank, Westpac, Australia & New Zealand Banking Group and National AustraliaBank. There...
1927 UnionBank (Albania) UnionBankofAustralia, became part ofAustralia and New Zealand Banking Group UnionBank Limited (Bangladesh) UnionBankof California...
National AustraliaBank (abbreviated NAB, branded nab) is one of the four largest financial institutions in Australia (colloquially referred to as "The...
Great Southern Bank (formerly Credit UnionAustralia or CUA) is one ofAustralia's largest customer-owned banks with corporate offices in Brisbane, Sydney...
(BPBBIS) between 1874–1970, is an Australian retail bank with headquarters in Brisbane, Queensland. The bank is one of the oldest financial institutions...
Beyond Bank is an Australian customer-owned bank operating in South Australia, Victoria, the Australian Capital Territory, Western Australia and New South...
Regional AustraliaBank is a member owned bank with roots in regional New South Wales and head office located in Armidale, Australia. Regional Australia Bank's...
Christchurch, and London. The bank gained the banking account of the New Zealand Government from the UnionBankofAustralia, and became an agent to raise...
finance, investments and payment services. In 1840, UnionBankofAustralia (UBA), a British bank with head office in London, agreed with the New Zealand...
State Bankof Mauritius (Mauritius) List of notable banks which are incorporated outside India and are operating branches in India: AustraliaAustralia &...
Bendigo and Adelaide Bank (trading as Bendigo Bank), is an Australian financial institution, operating primarily in retail banking. The company was formed...
A Bank State Branch (often referred to as "BSB") is the name used in Australia for a bank code, which is a branch identifier. The BSB is normally used...
1950s, the Bankof Scotland was involved in several mergers and acquisitions with different banks. In 1955, the Bank merged with the UnionBankof Scotland...
started in 1974, under Overseas UnionBank (OUB). When UOB acquired the Overseas UnionBank in January 2002, the operations of the branches in Brunei was handed...
including the Bankof Australasia (1835), the UnionBankofAustralia (1837), and the English, Scottish and AustralianBank (1852). The discovery of gold in...
September 1840 at Kororareka, now Russell. These banks issued notes in New Zealand: UnionBankofAustralia (March 1840 – July 1934) New Zealand Banking Company...