Commercial Banking Company of Sydney
 | |
| Industry | Banking |
|---|---|
| Founded | 1834 |
| Defunct | 1982 |
| Fate | Merger with National Bank of Australia |
| Successor | National Australia Bank |
| Headquarters | Sydney, Australia |
The Commercial Banking Company of Sydney Limited, also known as the CBC, or CBC Bank, was a bank based in Sydney, Australia. It was established in 1834, and in 1982 merged with the National Bank of Australasia to form National Australia Bank.
History
On 8 September 1834 the Sydney Herald carried a notice titled "The Commercial Banking Company of Sydney" proposing the establishment of a new bank.[1] It began operations on 1 November 1834[1] and in 1848 was incorporated by an Act of the New South Wales Parliament. Sir Edward Knox was the first bank manager and later a director.[2] Thomas Barker, a manufacturer, engineer, politician, landowner and philanthropist, was a notable director and chairman. William Rutledge (born 1806 - died 1876 Port Fairy, Victoria, Australia), merchant, banker and early settler, also became a director of the bank in 1839.[3]
The CBC grew to service the expanding pastoral and farming industries of the then Colony of New South Wales.[4]
It absorbed the Bank of Victoria in 1927.[5]
In July 1982, CBC Bank helped to fund a tour of Bob Merritt's play The Cake Man to Denver, Colorado.[6]
In 1982 the bank merged with the National Bank of Australasia to form National Australia Bank.[citation needed]
Legacy
The bank constructed many substantial and ornate buildings as branches throughout Australia. A number of extant buildings are heritage-listed, including:
- Armidale branch office
- Bega branch office
- Berrima branch office
- Dubbo branch – first office, Corner of Bultje and Macquarie Streets
- Dubbo branch – second office, 110–114 Macquarie Street
- Kiama branch office
- Moree Plains Gallery now known as Bank Art Museum Moree (BAMM)
References
- ^ a b "Some Important Dates in the C.B.C.'s History". Macquarie Communications. 28 September 2008.
- ^ "Coal, climate change collide as customers query banks' green credentials". The Sydney Morning Herald. 20 May 2014.
- ^ Rutledge, Martha. "Rutledge, William (Billy) (1806–1876)". Australian Dictionary of Biography. National Centre of Biography, Australian National University. ISSN 1833-7538. Retrieved 16 May 2021.
- ^ "National Australia Bank rules out funding Adani's Carmichael coal mine". The Sydney Morning Herald. 3 September 2015.
- ^ "Year's banking changes". The West Australian. Western Australia. 28 December 1927. p. 12. Retrieved 14 February 2020 – via Trove.
- ^ Lewis, Berwyn (27 June 1982). "Return of The Cake Man" (PDF). The National Times. p. 29.
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- National Australia Bank
- Australian companies established in 1834