Cornwall Bank formed in Launceston, Van Diemen's Land (1828)

The Cornwall Bank was established in Launceston, Van Diemen's Land, in 1828. This institution is recognized as the earliest constituent later associated with the Australia and New Zealand Banking Group. The formation occurred in a colonial context where Launceston served as an export centre for the northern pastoral industry, with a population of approximately 2,000 by 1827.

Episodes

Background and detail

Colonial Context. Launceston received its name when Paterson changed the town's name to Launceston in honour of New South Wales Governor Captain Philip Gidley King, who was born in Launceston, Cornwall. By 1827, the town had grown to a population of 2,000 and functioned as an export centre for the colony's northern pastoral industry. The region was part of Van Diemen's Land, the colonial name for Tasmania during the 19th century.

Association with ANZ. The Cornwall Bank is identified as the earliest constituent of the Australia and New Zealand Banking Group (ANZ). ANZ is currently headquartered in Melbourne and is Australia's second-largest bank by assets. The historical connection is established through the bank's formation in Launceston in 1828, which later combined with other entities to form the modern banking group.

People involved

Sources

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