Company type | Public |
---|---|
Industry | Banking and financial services |
Founded | 11 August 1823 |
Defunct | 3 August 1891 |
Headquarters | 40 Elizabeth Street, , Australia |
Area served | Van Diemen's Land (1823 – 1855) Colony of Tasmania (1855 – 1891) |
Key people | George Frederick Read (1827 – 1849) |
Founded in 1823, the Bank of Van Diemen's Land was the first financial institution to be established in Van Diemen's Land. Affectionally referred to as the old bank, the Bank of Van Diemen's Land traded for 68 years before becoming the first major bank failure in what would become the Australian banking crisis of 1893.[1]