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The Adelaide Bank was a publicly listed with its head office in , . It was established on 1 January 1994 from the Co-operative Building Society of South Australia Limited, which was 's largest as a result of a merger with the Hindmarsh Building Society. Our History, Adelaide Bank, web.archive.org On 9 August 2007 it merged with () to form Bendigo and Adelaide Bank Limited, and Adelaide Bank shares ceased to be quoted on the top 100 ASX for companies with more than 110,000 shareholders. Since 2008 the new entity has been known as the Bendigo and Adelaide Bank. Adelaide Bank Merger Update


History

As a building society
The Hindmarsh Building Society was established in 1877 in Hindmarsh, South Australia, on the principles that "home ownership is the cornerstone of a successful community and that owning a home should be possible for everyone". About Us , Bendigo and Adelaide Bank Group From 1877 to 1968 it was known as the Hindmarsh Loan, Land, Building and Investment Society, after which it became known as the Hindmarsh Building Society. In October 1974 the Hindmarsh Building Society was briefly subject to a "run". The State Premier, Don Dunstan, arrived with a loud-hailer to assure people that their money was safe and that the building society was backed by the state government.Mervyn K Lewis "The Myths of Free Banking", Chapter 23 in "Markets, Unemployment and Economic Policy : Essays in honour of Geoff Harcourt", volume two, Edited by Philip Arestis, Gabriel Palma and Malcolm Sawyer In 1977 it donated the "Mall's Balls" ( The Spheres by Herbert Flugelman) to the City of Adelaide to mark the of the society. Spheres, Adelaidia > Things, adelaidia.sa.gov.au

The Co-operative Building Society of South Australia Limited was founded by Alwin Fischer and incorporated in 1900, Co-operative Building Society of South Australia Limited, www.slsa.sa.gov.au

and by 1990, the building society's asset base passed the $1 billion mark. In 1992 the Society amalgamated with the Hindmarsh Building Society. Hindmarsh Adelaide Building Society ( - 1992), www.gabr.net.au


As a bank
Adelaide Bank was established on 1 January 1994 from the Co-operative Building Society of South Australia Limited, which was 's largest as a result of a merger with the Hindmarsh Building Society in 1992. Bendigo & Adelaide Bank Website, About Us page ,

On 9 August 2007, the Adelaide Bank was merged with the . On 12 November 2007, ~98% of the Adelaide Bank Ordinary Shareholders voted their support for the merger. The Federal Courts then approved the merger on Friday, 16 November and the implementation date of the merged bank was Friday, 30 November. In March 2008 the merged bank officially changed its name to Bendigo and Adelaide Bank Limited. Organisational design and executive team for merged Bendigo Bank and Adelaide Bank announced, 30 November 2007, ASX release, www.asx.com.au


Further reading
  • Anne Fricker (1988) "Cooperation, The History of the Cooperative Building Society of South Australia"
  • Rob Linn (1989) "For the benefit of the people : a history of Hindmarsh Adelaide Building Society" ( NLA catalogue)


External links

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