As a former building society, the bank was also heavily involved in lending in the residential property market.
[2] On 3 April 1997, Westpac made a $1.43 billion bid to acquire the Bank of Melbourne.
[2] Westpac retained the rights to the Bank of Melbourne name and logos, and operated in Victoria under the Bank of Melbourne brand until January 2004, when Westpac moved all operations to a single national brand name.
[1] In 2009, speculation suggested Westpac was to relaunch the brand for a new internet-based deposit business,[3] but with no resulting action.
In July 2011, the relaunched Bank of Melbourne commenced operations as a subsidiary of Westpac.