Editing BankSA (section)

==History==
[[File:BankSA head office.jpg|thumb|BankSA head office (completed 1943)<ref>{{cite web | title=Building Details | website=Architects of South Australia| publisher= [[University of South Australia]] | url=https://architectsdatabase.unisa.edu.au/build_full.asp?B_ID=574 | access-date=22 December 2022}}</ref>]]
{{further|Savings Bank of South Australia}}
The [[Savings Bank of South Australia]]<ref name=hist/> was established in the [[colony of South Australia]] on 11 March 1848 by sole employee John Hector.The first deposit comprised the life savings of an [[Afghan cameleers in Australia|Afghan]] shepherd.<ref name=hist>{{cite web | title=Our Story | website=BankSA | date=22 November 2016 | url=https://www.banksa.com.au/about/overview | access-date=15 April 2024}}</ref>  The first premier of the colony, [[B. T. Finniss]], was a trustee of the bank's inaugural board, and  [[F. H. Robe]], [[Lieutenant governor|Lieutenant Governor]] of the colony, was president of the bank.<ref name=hist/> 

The Savings Bank of South Australia later merged with the former [[State Bank of South Australia]] (established 1896), becoming the new State Bank, owned by the [[Government of South Australia]], in 1984.<ref name=hist/>

The State Bank of South Australia was compartmentalised and bought by The [[Advance Bank]] due to deteriorating loan book and financial management. Prior to a bailout by the Government of South Australis, the Savings Bank was on the verge of collapse, which was hastened by the 1991 Royal Commission into The Organisation Of Public State Funds of South Australia. Advance Bank was purchased by [[St.George Bank|St. George Bank]] in 1997 and the State Bank became part of the greater Westpac Corporation after the merger with St. George Bank.{{cn|date=December 2022}}