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Union Bank, Launceston, 1867

Founded in London on September 1, 1837, the Union Bank of Australia Ltd. opened in Launceston in 1838. The first branch was established in Launceston, Tasmania (then, of course, Van Diemen’s Land) on May 1st, 1838, when the Tamar Bank was taken over. A branch at Hobart Town followed in early course. The taking over of the Tamar Bank was

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Bank of Van Diemen’s Land, 3rd August 1891

Founded in 1823, the Bank of Van Diemen’s Land was the first commercial financial institution in Van Diemen’s Land, later the Colony of Tasmania. Nicknamed the ‘Old Bank’ , the Bank of Van Diemen’s Land traded for 68 years before becoming the first major bank failure of what would eventuate into the Australian banking crisis of 1893. The featured photgraph