St.George Bank Snapshot
St.George Bank joined forces with Westpac in 2008 to become Australia's second largest bank behind National Australia Bank. The approximately $15 billion transaction was the largest-ever acquisition in Australia's banking sector. The deal expanded St.George's network and services for customers, but the company brand remained the same. The bank provides deposits, loans, and insurance, as well as more specialized offerings such as risk management, treasury, and capital markets services. The company's wealth management operations include Advance Funds Management, St.George Private Bank, and Asgard Wealth Solutions. Subsidiary BankSA has some 110 branches in South Australia and the Northern Territory.