In the 1970s, South Australian premier Don Dunstan claimed that a “financial royal family” ran the state. That “family” was the directors of the Bank of Adelaide, SA Brewing and The Advertiser newspaper. Not much has changed!
Founded in 1865, the Bank of Adelaide was taken over in 1979 by ANZ and merged into that organisation. The Bank of Adelaide shouldn't be confused with Adelaide Bank (now part of Bendigo Bank).