Bankwest is an Australian full-service bank based in Perth, Western Australia. It was sold in October 2008 to the Commonwealth Bank of Australia for A$2.1 billion and operates as a division of its parent company. Bankwest previously had branches in Adelaide, Brisbane, Canberra, Melbourne and Sydney. In 1895, the Government of Western Australia established the Agricultural Bank of Western Australia as a rural lender to support the State's farming industries. Despite its name, it was technically not a bank, in that it did not collect deposits from the public, its liabilities being government bonds. It was a government instrumentality that lent exclusively to farmers. [citation needed] More information...
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