Bank of Adelaide
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Bank of Adelaide
Not to be confused with Adelaide Bank.
The Bank of Adelaide was founded in 1865 in Adelaide, the capital of South Australia. It was incorporated by an act of the Parliament of South Australia. 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, a totally separate bank which has merged with Bendigo Bank.
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