Challenge Bank
| Company type | Public company |
|---|---|
Traded as | Originally ASX: CLG |
| Industry | Retail banking |
| Founded | April 1987 (April 1987) |
| Founder | Hotham Permanent Building Society and Perth Building Society |
| Defunct | 1995 (1995) |
| Fate | Acquired by Westpac |
| Headquarters | Perth, Western Australia , Australia |
Area served | Victoria and Western Australia |
| Website | www.challengebank.com.au |
Challenge Bank was an Australian bank. It was established in April 1987 when the Hotham Permanent Building Society of Victoria and Perth Building Society of Western Australia merged.[1][2]
In December 1995 it was purchased by Westpac.[3] In May 1996, the Victorian business was sold to the Bank of Melbourne that in turn was purchased by Westpac in 1997.[4][5] The Challenge Bank brand was retired in the early 2000s.
References
- ^ BNZ buyer of 7pc stake in Challenger Canberra Times 16 July 1988 page 17
- ^ Historical Series Breaks Reserve Bank of Australia
- ^ Our History Westpac
- ^ Westpac reports $565 million profit in first half 1996 Westpac 14 May 1996
- ^ Westpac and Bank of Melbourne (Challenge Bank) Act 1996 Government of Victoria
- v
- t
- e
Westpac
- BankSA
- Bank of Melbourne
- BT
- RAMS
- St George Bank
- Westpac
- Airport Link Company
- Australian Guarantee Corporation
- Bank of Melbourne (1989)
- BT Investment Management
- Challenge Bank
- Ord Minnett
- Ted Evans
- Rob Chapman
- Gail Kelly
