English, Scottish and Australian Bank

The English, Scottish & Australian Bank Limited was an Australian bank founded in 1852 by Royal Charter in London and named English, Scottish and Australian Chartered Bank.[1] Following a financial reconstruction in 1893 its business was renamed English, Scottish and Australian Bank Limited.[2]

For the heritage-listed bank building in Sydney, Australia, see English, Scottish and Australian Bank, The Rocks.

English, Scottish & Australian Bank Limited
Public
IndustryBanking
FateMerged, 1 October 1970
SuccessorAustralia and New Zealand Banking Group Limited
Founded1852
Defunct1970 
Headquarters
London 
,
United Kingdom of Great Britain and Ireland 
The former English, Scottish & Australian Bank building in Trayning, Western Australia in 2014

Known to all as ES&A it merged with ANZ in 1 October 1970 to form Australia and New Zealand Banking Group Limited.

History

ES&A opened its first Australian branch in Sydney in 1853.[3] Australian banknotes were printed by the bank and issued at branches in Sydney, Adelaide, Hobart and Melbourne. In 1893 its business was renamed the English, Scottish & Australian Bank Limited following a financial upheaval.[4]

It was one of 16 banks which supplied blank note forms to the Australian Government in 1911 which were superscribed as redeemable in gold and issued as the first Commonwealth notes.

The Commercial Bank of Tasmania and the London Bank of Australia were taken over in 1921 and the Royal Bank of Australia in 1927.[5]

On 1 October 1970 ES&A merged with the Australia and New Zealand Bank to form the Australia and New Zealand Banking Group Limited.[6] At the time of the merger ES&A had a network of about 570 branches across Australia.

Esanda

Esanda was a consumer finance division of ES&A which began separate operations in 1955.[7] Its name is an acronym of ES&A. In 2015 ANZ sold Esanda to Macquarie Group.

Notable staff

Charles Wren became the accountant and branch inspector for South Australia in 1881. He moved to Melbourne in 1888 as inspector's accountant. He was appointed resident inspector in New South Wales in 1901, and became the bank's Australasian general manager in July 1909.[8]

References
  1. "THE DUKE AND THE TEMPTER". The Sydney Morning Herald. New South Wales, Australia. 13 December 1852. p. 3 – via Trove.
  2. "NAME OF THE NEW BANK". The Herald (4011). Victoria, Australia. 29 April 1893. p. 1.
  3. "Advertising". Empire (newspaper). New South Wales, Australia. 7 December 1853. p. 1 (Supplement to The Empire).
  4. "NAME OF THE NEW BANK". The Herald. Victoria, Australia. 29 April 1893. p. 1.
  5. "The Story of Banking in Victoria". The Age. Victoria, Australia. 16 October 1954. p. 45 (SUPPLEMENT IN "THE AGE").
  6. "Advertising". Papua New Guinea Post-courier. International, Australia. 1 October 1970. p. 8.
  7. "Advertising". The Argus (Melbourne). Victoria, Australia. 19 November 1955. p. 18.
  8. Hart, T. J. (1990). "Wren, Charles William (1856–1934)". Australian Dictionary of Biography. National Centre of Biography, Australian National University.
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