| Type | Subsidiary of Westpac |
|---|---|
| Industry | Finance and Insurance |
| Founded | 25 July 2011 |
| Headquarters | Melbourne, Australia |
| Number of locations | 41 |
| Area served | Victoria, Australia |
| Key people | Scott Tanner (Chief Executive) Calvin O'Brien (Program Manager) Peter Lock (Chief Operating Officer) Elizabeth Proust (Chairman) Rob Chapman (Board Member & Chief Executive, St.George Bank) Carol Schwartz (Board Member) Peter Hawkins (Board Member) |
| Products | Personal Banking, Business Banking and Insurance |
| Employees | 5000 |
| Website | www.bankofmelbourne.com.au |
The Bank of Melbourne is a financial institution operated in Victoria, Australia. A subsidiary of the major Australian bank Westpac, it commenced operations on 25 July 2011.
The Bank of Melbourne initially took over the Victorian business of St. George Bank, another wholly owned subsidiary of Westpac, as part of a major local branding strategy. The customer-facing activities of the business operate independently of the parent company and of St. George Bank, although it shares common back office infrastructure with the rest of the group.[1] Westpac have owned the rights to the brand since 1997.[2]
Westpac originally acquired the Bank of Melbourne (1989) in 1997 and traded under the brand name until 2004, then the brand name was scrapped and replaced with Westpac.[3] In 2011 after Westpac merged with St.George Bank in 2007 Westpac relaunched a redesigned Bank of Melbourne brand trading with the infrastructural and employees of St.George Bank in Victoria.[4]
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