[1] It is not related to Advance Bank AG of Germany (which was shut down by Allianz in 2003).
It was established as the NSW Permanent Building & Investment Society in 1939.
"Its focus is on asset allocation and risk management, implemented through a multi-manager process, providing investment opportunities across a range of asset classes, including shares, property, fixed interest and cash.
[3] In 1995, Advance Bank acquired the State Bank of South Australia, which it continued to run as a separate business unit as BankSA.
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