Monday, 26 September 2022

1992: The creation of St George Bank

This year is thirty years since the St George Building Society (established in 1937 as the St.George Co-operative Building Society Ltd) was granted a banking licence and listed on the Australian Stock Exchange as a public company. 

In January 1992, St George went public with its plans as reported in The Daily Telegraph Mirror on 15 January 1992.
St George Bank applies for Banking Licence January 15 1992 daily telegraph 1-2 (1)

St George Bank applies for Banking Licence January 15 1992 daily telegraph 1-2 (2)

Below is a newspaper advertisement that was published on 1 July 1992 when it offically became a bank.

  St George Bank Ad July 1 1992 daily telegraph 25 

Source: St George Bank Limited. 1992. "A bank remembers its promises." (Advertisement). The Daily Telegraph Mirror, July 1: 24-25. 

During the 1990's St George Bank took over Advance Bank and BankSA. In 2008, St George merged with Westpac. Despite the merger, the brand has been retained in NSW. Its branches in Victoria were rebranded as the Bank of Melbourne in 2011.

St George still maintain their headquarters at Kogarah, where it has been based since 1990, still connected to the region in which it was founded. Originally, they were based at Hurstville. 

Below is the advertisement that I believe was the "launch" advertisement. Southern Sydney does feature. Guess the locations.

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