Challenge Bank

This article is about a defunct Australian bank. For banks that challenge traditional banking, see challenger bank.

Challenge Bank was an Australian bank. It was established in April 1987 when the Hotham Permanent Building Society of Victoria and Perth Building Society of Western Australia merged.^[1][2]

Challenge Bank

Company type	Public company
Traded as	Originally ASX: CLG
Industry	Retail banking
Founded	April 1987 (1987-04)
Founder	Hotham Permanent Building Society and Perth Building Society
Defunct	1995 (1995)
Fate	Acquired by Westpac
Headquarters	Perth, Western Australia , Australia
Area served	Victoria and Western Australia
Website	www.challengebank.com.au

In December 1995 it was purchased by Westpac.^[3] In May 1996, the Victorian business was sold to the Bank of Melbourne that in turn was purchased by Westpac in 1997.^[4][5] The Challenge Bank brand was retired in the early 2000s.