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Unlawful bendigo and adelaide bank limited foreclosure in australia
The Adelaide Bank was a publicly listed bank with its head office in Adelaide, South Australia.
Contents
- Unlawful bendigo and adelaide bank limited foreclosure in australia
- Adelaide banks can t give you up the garden one
- History
- Hindmarsh Building Society
- Co operative Building Society of South Australia Limited
- Merger of Hindmarsh and Co op building societies
- Establishment of Adelaide Bank
- Merger of Adelaide and Bendigo banks
- References
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.
On 9 August 2007 it merged with the Bendigo Bank, (ASX: BEN), and Adelaide Bank shares are no-longer quoted on the ASX. Since 2008 the new entity has been known as the Bendigo and Adelaide Bank.
Adelaide banks can t give you up the garden one
History
Adelaide Bank should not be confused with the Bank of Adelaide which got into financial difficulty in the 1970s and was taken over by the ANZ Bank.
Hindmarsh 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".
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 the Hindmarsh Building Society donated the 'Malls Balls' (The Spheres by Herbert Flugelman) to the City of Adelaide to mark the centenary of the society.
Co-operative Building Society of South Australia Limited
The Co-op Building Society was founded by Alwin Fischer and incorporated in 1900.
In 1990, the building society's asset base passed the $1 billion mark.
Merger of Hindmarsh and Co-op building societies
In 1992 the Hindmarsh Building Society amalgamated with the Co-operative Building Society of South Australia.
Establishment of Adelaide 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.
Merger of Adelaide and Bendigo banks
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.