Countrywide Banking Corporation limited is a retail bank operating throughout New Zealand until 1998 when it was acquired by National Bank of New Zealand. It was created from the Countrywide Building Society, which itself emerged from the Auckland Co-operative Terminating Building Society created in March 1897.
Video Countrywide Bank (New Zealand)
History
Countrywide Bank was registered as a bank in 1987 during a period of significant regulatory change in the New Zealand banking system. At the time of registration, the two major shareholders of the bank were the Scottish Bank, the major Scottish bank headquartered in Edinburgh, and General Accident, a major general insurance company headquartered in Perth, Scotland. The bank is listed on the New Zealand Stock Exchange.
In 1992, Countrywide Bank bought the United Building Society of the State Bank of South Australia. At that time, Countrywide was bigger and then described more efficiently than United.
In 1998, the National Bank of New Zealand, owned by Lloyds Bank in England, bought Countrywide Bank from Bank of Scotland, which is now the sole owner of the bank. The operations of the two banks were combined with a period of consolidation within the retail network enabling Bank National customers to use Countrywide Bank branches even though the two banks have not yet merged their back-end computer networks. The combined branch network was then rationalized by rebranding all branches into a brand of the National Bank and the closing of surplus and duplicated branches.
The building community is merged or purchased by the State Society Development Institution/Bank Negara Negara:
- Auckland Co-operative Terminating Building Society
- Central Union Permanent a.k.a. New Plymouth Investment and Loan Society
- Central Development Agency, Palmerston North Building Co-op Association
- Community of Permanent Building Consolidation
- The Permanent Development Agency of All Countries
- New Plymouth Investment and Loan Development Institute
- Investment Provision and Development of Urban Communities Taranaki a.k.a The Permanent Development Agency of All Countries
- Community Institution Building West Society a.k.a. West Co-op, West Co-Op Terminal Co-op Institution
- Western Cooperative Development Institute
- The Permanent West Consolidation Community a.k.a. Community Permanent Building Consolidation and Permanent Maintenance & amp; Investment Institution
Maps Countrywide Bank (New Zealand)
References
More details can be found at Building Bank by Tony Farrington, Penguin NZ ISBNÃ, 0-670-87445-0
Source of the article : Wikipedia
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