Merger • Financial Services

Westpac Bank Acquires St. George Bank

On May 13, 2008, Westpac Bank acquired financial services company St. George Bank for 18.6B AUD

Acquisition Context

This is Westpac Bank’s 1st transaction in the Financial Services sector.
This is Westpac Bank’s 0th largest (disclosed) transaction.
This is Westpac Bank’s 1st transaction in Australia.

Explore All 383 Merger Financial Services Deals - Search the Database Free

M&A Deal Summary
Date	May 13, 2008
Target	St. George Bank
Sector	Financial Services
Buyer(s)	Westpac Bank
Deal Type	Merger
Deal Value	18.6B AUD

Target Company

St. George Bank

Sydney, Australia

St. George is an Australian financial services company and bank based in Sydney. St. George was formed in 1937.

Explore More Deals

Browse All 215,158 Deals

FILTER BY

Buyer Type (PE or Strategic)
Deal Size ($10M to $10B+)
Sector (60 Sectors)
Deal Type
Geography
& More

Buyer Overview 1

Buyer

Westpac Bank

Sydney, Australia

Category	Company
Founded	1817
Sector	Financial Services
Employees	33,583
Revenue	21.6B AUD (2024)

DESCRIPTION

Westpac's corporate headquarters in downtown Sydney.

Westpac's corporate headquarters in downtown Sydney.

Westpac Bank is an Australian provider of banking and financial services. Westpac Bank was established in 1817 and is based in Sydney.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Financial Services	1 of 1
Type: Merger	1 of 1
Country: Australia	1 of 1
Year: 2008	1 of 1

Explore Related M&A Activity

Financial Services M&A - Merger M&A Deals - Australia M&A - 2008 M&A