Challenge Bank | |
Type: | Public company |
Traded As: | Originally |
Industry: | Retail banking |
Founder: | Hotham Permanent Building Society and Perth Building Society |
Fate: | Acquired by Westpac |
Location City: | Perth, Western Australia |
Location Country: | Australia |
Area Served: | Victoria and Western Australia |
Website: | www.challengebank.com.au |
Challenge Bank was an Australian bank. It was established in April 1987 when the Hotham Permanent Building Society of Victoria and Perth Building Society of Western Australia merged.[1] [2]
In December 1995 it was purchased by Westpac.[3] In May 1996, the Victorian business was sold to the Bank of Melbourne that in turn was purchased by Westpac in 1997.[4] [5] The Challenge Bank brand was retired in the early 2000s.