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415:, while actually changing the formation of the board and allowing the Labor Government to appoint the chairman of the Savings Bank and allowing trustees to sit on both boards. This had effect of giving control of the banks to Labor Party and not the trustees, who had ably served both of the banks for many decades. Dunstan also had raided both of the banks of their reserve funds to pay for his health, education and arts schemes.
411:(June 1970 ā February 1979) first floated the idea of merging the State Bank and the Savings Bank, but the conservative trustees of the bank were strongly opposed to this idea and highly suspicious of the Labor Party. Early in his premiership, Dunstan had got the trustees offside by deceiving them by stating he intended to pass some minor annual leave changes through the
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In 1907 the
Savings Bank of South Australia established the Penny Bank Department to take deposits as little as one penny from school children. These school savings account quickly became popular and almost every public and private school in the state was permitted to take deposits from children on
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The two state-owned banks complemented each other. The savings bank was for the people to deposit their savings and for others to borrow money for mortgages on fair terms, while the state bank was used for larger projects. During this period the bank took on many new customers, especially migrants
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368:, it took five years to be completed. It was their largest-ever commission, and at the time became the city's tallest building. McMichael was responsible for the design, after trustees and executives of the bank had visited
336:(November 1938 ā March 1965), the bank was a key tool of his vision for the state's rapid economic and industrial development. Playford used both the Savings Bank and the State Bank to finance the
463:. The State Bank of SA failed because it had a "non-performing" loan portfolio, meaning that repayments were not made on money lent. It later became
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The architects Eric McMichael and Alfred
Charles Harris, in their practice E.H. McMichael and Harris, designed the new Savings Bank building at 97
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After
Dunstan had changed the composition of the banks boards, they requested a merger. However, Labor lost the 1979 election and Liberal premier
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behalf of the bank. School banking was instrumental in instilling the savings mentality in children and helped to make the bank the largest in
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elements. Significant to the Art Deco style are the motifs depicting South
Australian agriculture, along with the use of
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shepherd, a Mr Singh, made by his employer. A month later, the fledgling bank made its first loan, of Ā£500, to
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to inspect the most modern buildings in those cities. The style is mainly
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in 1938. However, owing to shortages of both labour and materials during
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429:(November 1982 ā September 1992), the two banks were merged in 1984.
422:(September 1979 ā November 1982) would not allow the banks to merge.
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base and the monumental entrance. The building was listed on the
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The
Savings Bank of South Australia later merged with the former
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for schoolchildren, and grew through the following decades.
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The
Savings Bank of South Australia was established in the
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The first deposit comprised the life savings (Ā£29) of an
598:"Architect Personal Details: McMichael, Eric Habershon"
568:"Architect Personal Details: McMichael, Eric Habershon"
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218:, and as of 2022 is a division and a trading name of
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of the 1980s. However at the end of the boom came a
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49:. Unsourced material may be challenged and removed.
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280:of the colony, was president of the bank.
694:A new identity for South Australia's bank
109:Learn how and when to remove this message
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47:adding citations to reliable sources
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1378:1984 disestablishments in Australia
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660:SA Heritage Places Database Search
461:early 1990s recession in Australia
394:South Australian Heritage Register
316:Former Savings Bank of SA and now
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656:"97 King William Street ADELAIDE"
400:1970sā1984: lead-up to the merger
308:1938ā1965: growth and development
268:The first premier of the colony,
58:"Savings Bank of South Australia"
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34:needs additional citations for
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459:) was unable to withstand the
443:The combined bank, called the
342:South Australian Housing Trust
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631:Architects of South Australia
606:University of South Australia
602:Architects of South Australia
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572:Architects of South Australia
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445:State Bank of South Australia
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322:King William Street, Adelaide
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160:State Bank of South Australia
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1265:Other Financial Institutions
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1368:Companies based in Adelaide
1317:Category:Banks of Australia
1251:Australian Payments Network
1246:Australian Payments Council
922:Bendigo & Adelaide Bank
295:1907: Penny Bank Department
222:, which is a subsidiary of
210:In 1984 it merged with the
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1332:List of banks in Australia
1306:Royal Commission 2017ā2019
447:, had rapid growth in the
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328:During the 26-year era of
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425:Under the Labor premier
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246:on 11 March 1848, as a
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16:Bank in South Australia
1017:Illawarra Credit Union
696:BankSA 14 October 2014
457:State Bank of Victoria
396:on 11 September 1986.
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252:Gawler Place, Adelaide
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1282:New Payments Platform
972:Beyond Bank Australia
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1322:Economy of Australia
1079:Teachers Mutual Bank
982:Community First Bank
746:Banking in Australia
518:"Banks in Australia"
356:Head office building
43:improve this article
1256:Four pillars policy
1032:Newcastle Permanent
997:Great Southern Bank
362:King William Street
324:, completed in 1943
278:Lieutenant Governor
238:John Hector, c.1855
125:
1363:Banks of Australia
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905:Bank of Queensland
828:Citibank Australia
627:"Building Details"
498:. 22 November 2016
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99:December 2022
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38:
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32:This article
30:
26:
21:
20:
1213:Pepper Money
1142:CurrencyFair
1037:P&N Bank
1002:Greater Bank
992:Defence Bank
939:Member-owned
915:Virgin Money
885:Auswide Bank
792:Suncorp Bank
754:Central bank
689:
675:
663:. Retrieved
659:
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638:. Retrieved
630:
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609:. Retrieved
601:
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579:. Retrieved
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500:. Retrieved
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420:David Tonkin
417:
403:
380:, with some
366:World War II
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248:savings bank
241:
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170:Headquarters
162:to form the
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53:
41:Please help
36:verification
33:
1059:Police Bank
977:Cairns Bank
665:22 December
640:22 December
611:22 December
581:22 December
492:"Our Story"
427:John Bannon
409:Don Dunstan
291:, in 1984.
263:John Colton
1347:Categories
1223:Regulators
1157:ING Direct
1064:Qudos Bank
962:Bank First
471:References
413:Parliament
274:F. H. Robe
69:newspapers
1301:Inquiries
1127:Arab Bank
1097:Volt Bank
1069:RACQ Bank
1012:Hume Bank
895:Judo Bank
875:Alex Bank
870:Airwallex
680:Our story
523:19 August
382:Classical
374:Melbourne
352:schemes.
184:Australia
1198:Latitude
1167:Rabobank
1122:ABN AMRO
804:Bankwest
551:15 April
502:15 April
407:premier
378:Art Deco
340:and the
332:premier
201:Adelaide
175:Adelaide
129:Industry
1172:Revolut
1089:Defunct
1027:MyState
967:BankVic
910:ME Bank
835:Westpac
390:granite
330:Liberal
224:Westpac
147:Defunct
139:Founded
133:Banking
83:scholar
1292:Zeller
1277:Cuscal
1193:Aussie
862:Retail
845:BankSA
821:86_400
683:BankSA
496:BankSA
465:BankSA
370:Sydney
318:BankSA
259:Afghan
216:BankSA
85:
78:
71:
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1162:Monzo
1102:Xinja
816:UBank
405:Labor
90:JSTOR
76:books
1272:BPAY
667:2022
642:2022
613:2022
583:2022
553:2024
525:2019
504:2024
453:bust
372:and
191:The
155:Fate
150:1984
62:news
1022:IMB
890:BNK
880:AMP
787:ANZ
45:by
1349::
927:Up
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87:Ā·
80:Ā·
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66:Ā·
39:.
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