Bank of Adelaide
Encyclopedia
The Bank of Adelaide was founded in 1865 in Adelaide
Adelaide
Adelaide is the capital city of South Australia and the fifth-largest city in Australia. Adelaide has an estimated population of more than 1.2 million...

, the capital of South Australia
South Australia
South Australia is a state of Australia in the southern central part of the country. It covers some of the most arid parts of the continent; with a total land area of , it is the fourth largest of Australia's six states and two territories.South Australia shares borders with all of the mainland...

. It was incorporated by an act of the Parliament of South Australia
Parliament of South Australia
The Parliament of South Australia is the bicameral legislature of the Australian state of South Australia. It consists of the Legislative Council and the House of Assembly. It follows a Westminster system of parliamentary government....

. It 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. It should not to be confused with the more recent Adelaide Bank
Adelaide Bank
The Adelaide Bank was a publicly listed regional bank with its head office in the state of South Australia. Since 30 November 2007 it is a wholly owned subsidiary of Bendigo and Adelaide Bank and Adelaide Bank shares are no-longer quoted on the ASX...

, a totally separate bank which has merged with Bendigo Bank
Bendigo Bank
Bendigo Bank is an Australian financial institution, operating primarily in retail banking. The company merged with Adelaide Bank in November 2007, with shareholders voting in March 2008 to change the merged company’s name to Bendigo and Adelaide Bank Limited.Before the merger, Bendigo Bank...

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