Adelaide Bank

Adelaide Bank posts record $81m :

"'The record results for 2004/05 fulfil Adelaide Bank's commitment to achieving double-digit profit and earnings per share growth, while delivering increased shareholder value,' said Adelaide Bank chairman Dick McKay."

We always used to have an Adelaide Bank. It the merged with the Hindmarsh Building Society and it became wholly the Hindmarsh Building Society which then appeared to disappear. I was out one day and saw this very neat, unassuming blue sign which bore the name Adelaide Bank. Traditionalist that I am, I have always believed a city should have a bank that bears its name so I was really pleased. That it is doing really well is great. The Adelaide Bank should do well in Adelaide. Our banks seems to be doing weirdo things at the moment and whether it is the pressure of the times or the need for massive profits which sets them off on these weird paths, who knows. The Adelaide Bank has persisted and risen from the ashes.