Cover image for Tasmania Bank
Agency:
Tasmania Bank
Agency Number:
Start Date:
01 Aug 1987
End Date:
31 Aug 1991
Description:
Tasmania Bank was created through the merger of the Launceston Bank for Savings NG3082 (1835-1987) and the Perpetual Executors Building Society. 

The Tasmanian banking institutions surviving well into the twentieth century were two trustee savings banks, namely the Launceston Savings and Hobart Savings Banks, plus the Agricultural Bank of Tasmania (1840) which specialised in rural finance. Attempts to merge the two trustee savings banks into a single state Bank of Tasmania in the mid-1980s failed on parochial grounds. The Hobart Savings Bank continued its separate existence until Tasmania Bank entered a crisis phase in 1989 as a result of poor lending strategies.
Information Sources:
http://www.utas.edu.au/library/companion_to_tasmanian_history/B/Banking%20and%20Finance.htm
Functions Performed:
Tasmanian businesses
Subsequent Agencies:
Trust Bank (NG2219)01 Jan 199131 Dec 1999