St. George Bank was initially founded in 1937 as a housing based financial institution. Over the years St. George established itself into one of Australia’s most reputable building societies, upon gaining its full banking licence in 1992. The bank provides wealth management, retail, institutional, and business making solutions and products throughout all states and territories of Australia. Most trade carried out in New South Wales and South Australia and via its subsidiary, BankSA. St. George’s core values are based on forging strong customer relationships through its strengths in credit quality, product management and innovation. Today, the bank stands as the fifth largest bank in Australia after Westpac and is ranked in the top 20 in the Australian Stock Exchange. On May 2008 the bank signed a Merger Implementation Agreement with Westpac. Westpac, is currently headed by former St George chief executive Gail Kelly.