Bank of Adelaide

The Bank of Adelaide was founded in 1865 in Adelaide, the capital of South Australia. It was incorporated by an act of the Parliament of South Australia. The original directors of the comany were Henry Ayers, Thomas Greaves Waterhouse, Robert Barr Smith, Thomas Magarey and George Peter Harris.

The Bank of Adelaide was taken over in 1979 by ANZ and merged into that organisation, after bailing out a subsidiary finance company (the Finance Corporation of Australia) that had lent too much to people without the security to cover the loans.

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