Region. Farewell to BankWest

The WA-based BankWest, which has been undertaking a significant expansion in the eastern states, will soon fade away once the purchase by the Commonwealth Bank goes through. Bank West has a total of 10 business banking centres and customers service centres in Western Sydney. On October 8, the Commonwealth acquired the Bank of Western Australia Limited (BankWest) and St Andrew’s Australia Pty Ltd (St Andrew’s) through the execution of a sale and purchase agreement with UK based HBOS plc. The purchase does not extend to HBOS’s other Australian businesses - Capital Finance Australia Ltd, (based at Norwest), BOS International (Australia) Ltd and HBOS’s Australian Treasury operations.