Western Australian Bank
The first Western Australian Bank was established in late 1837 or early 1838 and purchased by the Australasian Bank for £1,000 in May 1841. This represented a massive profit for the original promoters, who promptly established the Western Australian Bank Joint-Stock Company operating under the old name in competition with its purchaser.
The Western Australian Bank was purchased by the Bank of New South Wales in March 1927 for £2,012,500. This was the first merger or absorption by the establishment.
