{{Short description|Bank based in Adelaide, South Australia}} {{Distinguish|Bank of Adelaide}} {{Use dmy dates|date=April 2021}} {{Use Australian English|date=August 2011}} {{Infobox company | name = Adelaide Bank | logo = | type = Publicly listed bank | industry = Banking | fate = merged with Bendigo Bank | predecessor = <!-- or: | predecessors = --> | successor = <!-- or: | successors = --> | founded = 1 January 1994 | founder = | defunct = 9 August 2007 | hq_location_city = Adelaide | hq_location_country = Australia | area_served = | key_people = | products = | owner = | num_employees = | num_employees_year = <!-- Year of num_employees data (if known) --> | parent = | website = }}
The '''Adelaide Bank''' was a publicly listed bank with its head office in Adelaide, South Australia. It was established on 1 January 1994 from the '''Co-operative Building Society of South Australia Limited''', which was Australia's largest building society as a result of a merger with the '''Hindmarsh Building Society'''.<ref name=AdelBankHistory>[https://web.archive.org/web/20060612224519/http://adelaidebank.com.au/about_adelaide_bank/our_history.html Our History], Adelaide Bank, web.archive.org</ref> On 9 August 2007 it merged with Bendigo Bank ({{asx|BEN}}) 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.<ref>{{Cite web|title=About us|url=https://www.adelaidebank.com.au/about-us/|access-date=2021-12-11|website=www.adelaidebank.com.au|language=en-AU}}</ref> Since 2008 the new entity has been known as the Bendigo and Adelaide Bank.<ref name=mergeUpdate>[http://www.adelaidebank.com.au/about_adelaide_bank/merger.html Adelaide Bank Merger Update] {{webarchive |url=https://web.archive.org/web/20110821151242/http://www.adelaidebank.com.au/about_adelaide_bank/merger.html |date=21 August 2011 }}</ref>
==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".<ref name=BandAAboutUs>[https://www.bendigoadelaide.com.au/public/about_us/index.asp About Us] {{webarchive|url=https://web.archive.org/web/20150213042703/http://www.bendigoadelaide.com.au/public/about_us/index.asp |date=13 February 2015 }}, Bendigo and Adelaide Bank Group</ref> 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.<ref name=gabr/> 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.<ref>Mervyn K Lewis [https://books.google.com/books?id=fHlWno0Weu8C&dq=Hindmarsh+Building+Society&pg=PT279 "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</ref><ref>{{cite journal |journal=Sociometry |title= A Study of Economic Panic: The "Run" on the Hindmarsh Building Society |volume=39 |number=3 |date= September 1975 |pages= 223–235 |jstor= 2786515 |author1= Leon Mann |author2= Trevor Nagel |author3= Peter Dowling |doi= 10.2307/2786515 |pmid= 1006359 }}</ref> In 1977 it donated the "Mall's Balls" (''The Spheres'' by Herbert Flugelman) to the City of Adelaide to mark the centenary of the society.<ref>{{cite web |author= Lauren Ferrone |date= 28 November 2016 |title= 'Malls Balls' a gift to Adelaide |url= http://insidesouthaustralia.com.au/malls-balls-a-gift-to-adelaide/ |publisher= Inside South Australia }}{{Dead link|date=August 2025 |bot=InternetArchiveBot |fix-attempted=yes }}</ref><ref>[http://adelaidia.sa.gov.au/things/spheres Spheres], ''Adelaidia > Things'', adelaidia.sa.gov.au</ref>
thumb|right|The Bendigo Centre
The Co-operative Building Society of South Australia Limited was founded by Alwin Fischer and incorporated in 1900,<ref name=AdelBankHistory/><ref name=slsa>[http://www.slsa.sa.gov.au/archivaldocs/brg/BRG232_CooperativeBulidingSociety_serieslist.pdf Co-operative Building Society of South Australia Limited], www.slsa.sa.gov.au</ref> <!-- Board members:<ref name=slsa/> *1912: C.E. Taplin, A. Burnell, H. Adams, W.D. Ponder, A.H.E. Fischer *1920: J. Martindale, A. Burnell, A.W. Ralph, W.M. Jory, J. Reed, W.M. Brooker *1927: P.W.E. Culley, C.E. Taplin, A. Burnell, W.D. Ponder, A.R. Burnell, J. Fisher *1950: P.W.E. Culley, A.R. Burnell, J. Fisher, H.C. Hogben, R.J. Finlayson *1963: H.C. Hogben, P.W.E. Culley, Senator N.E. Buttfield, A.V. Adamson, M.F. Bonnin --> and by 1990, the building society's asset base passed the $1 billion mark.<ref name=AdelBankHistory/> In 1992 the Society amalgamated with the Hindmarsh Building Society.<ref name=gabr>[http://www.gabr.net.au/biogs/ABE0838b.htm Hindmarsh Adelaide Building Society ( - 1992)], www.gabr.net.au</ref>
===As a bank===
Adelaide Bank was established on 1 January 1994 from the Co-operative Building Society of South Australia Limited, which was Australia's largest building society as a result of a merger with the Hindmarsh Building Society in 1992.<ref name="About Us">[https://www.bendigoadelaide.com.au/public/about_us/index.asp Bendigo & Adelaide Bank Website, About Us page] {{webarchive |url=https://web.archive.org/web/20150213042703/https://www.bendigoadelaide.com.au/public/about_us/index.asp |date=13 February 2015 }},</ref>
On 9 August 2007, the Adelaide Bank was merged with the Bendigo Bank. 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''.<ref name=mergeUpdate/><ref>[http://www.asx.com.au/asxpdf/20071203/pdf/3167r131fdxgpw.pdf Organisational design and executive team for merged Bendigo Bank and Adelaide Bank announced], 30 November 2007, ASX release, www.asx.com.au</ref>
==References== {{Reflist}}
==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" ([http://catalogue.nla.gov.au/Record/1119157 NLA catalogue])
{{Authority control}} {{Portal bar|Companies|Bank|Australia}} Category:Defunct banks of Australia Category:Banks established in 1994 Category:Banks disestablished in 2007 Category:1994 establishments in Australia