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Bankwest is an Australian bank based in Perth, Western Australia. It was founded as the Agricultural Bank of Western Australia in 1895 by the Government of Western Australia being renamed the Rural and Industries Bank in 1944, and Bankwest in 1994 before being privatised.
Bank of the West began as Farmers National Gold Bank of San Jose, California, in 1874.When all bank notes became convertible to gold or silver in 1880, the bank converted from a gold national bank and changed its name to the First National Bank of San Jose, California.
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R&I renamed to Bank of Western Australia Limited, trading as BankWest: 1995: Challenge Bank acquired by Westpac (formerly Bank of NSW) 1995: Bank of Scotland acquired BankWest, and as part of the sale agreement, offered 49 per cent of the shares in BankWest to the public. BankWest shares listed on the Australian Stock Exchange on 1 February ...
BankWest's owner HBOS lent this money to Bankwest, but required the money be repaid to meet HBOS's own capital requirements. [62] HBOS, therefore, agreed to sell BankWest to Commonwealth Bank (CBA) in October 2008. The sale completed on for A$2.1 billion on 19 December 2008, and required Commonwealth Bank to repay the capital HBOS had loaned ...
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