Commercial Bank of South Australia

South Australian bank

The Commercial Bank of South Australia was a South Australian bank founded in 1878 [1] that failed in February 1886 due to fraudulent loans and transfers by the Manager, Alexander Crooks and Accountant, Alexander McKenzie Wilson.[2][3][4][5] It was also notable for the problems experienced in its liquidation.[6]

Directors

  • John Beck; also largest shareholder, in London at time of collapse; never returned.[7]
  • Charles Rischbieth
  • Maurice Salom
  • Robert Alfred Tarlton Chairman of Directors
  • Alfred Tennant
  • James Crabb Verco

References

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  1. ^ "SOUTH AUSTRALIA". Geelong Advertiser. Victoria. 29 June 1878. p. 3. Retrieved 2 June 2019 – via National Library of Australia.
  2. ^ "The Border Watch". The Border Watch. Vol. XXIII, no. 2326. South Australia. 27 February 1886. p. 2. Retrieved 27 March 2016 – via National Library of Australia.
  3. ^ "The Late Manager and Accountant in Court". South Australian Weekly Chronicle. Adelaide: National Library of Australia. 20 March 1886. p. 22. Retrieved 16 September 2014.
  4. ^ "SUPREME COURT.—CRIMINAL SITTINGS". South Australian Register. Vol. LI, no. 12, 293. South Australia. 8 April 1886. p. 7. Retrieved 28 March 2016 – via National Library of Australia.
  5. ^ "THE COMMERCIAL BANK PROSECUTIONS". South Australian Register. Vol. LI, no. 12, 295. South Australia. 10 April 1886. p. 3. Retrieved 28 March 2016 – via National Library of Australia.
  6. ^ "The Register. ADELAIDE : SATURDAY, JUNE 10, 1893". South Australian Register. Vol. LVIII, no. 14, 532. South Australia. 10 June 1893. p. 4. Retrieved 28 March 2016 – via National Library of Australia.
  7. ^ "An Adelaide Merchant". The Advertiser (Adelaide). Vol. XLVI, no. 14, 076. South Australia. 28 November 1903. p. 7. Retrieved 25 January 2018 – via National Library of Australia.
  • Ron A. Potter, "With Faith and Courage": The Bank of Adelaide 1865 - 1965 at ANZ Bank Retired Officers] Retrieved 27 Mar 2016]