branch office 193
Princes Street, Dunedin 1912 The successful flotation of the National Bank of New Zealand in
London was announced in October 1872. It was to be a New Zealand bank and would begin by buying and expanding the operations of
Dunedin's
Bank of Otago. The new bank had been incorporated in London by a group of people including a number of high-profile former New Zealand residents, among them former
Governor Thomas Gore Browne, former
Speaker Charles Clifford and former
Wellington Provincial Superintendent Isaac Featherston. Another board member was
Edward Brodie Hoare of Barnetts, Hoares, Hanbury and Lloyd, Bankers. From the first New Zealand operations were managed from Dunedin. Adam Burnes was inspector and general manager. The first branch away from Dunedin opened in
Wellington in March 1873 with
Alexander Kerr as its first manager. Although "harmonised" it did not technically acquire the 13 branches of the
Bank of Otago until 1 July 1873. Branches were also opened in 1873 in
Auckland and
Hamilton and
Christchurch. The National Bank of New Zealand (Ltd) Act gave it the right to issue banknotes redeemable (in
specie or gold). Though the bank was technically domiciled in London (which provided certain advantages) the major portion of its shareholders were New Zealand resident or associated. In 1894 its headquarters were moved from Dunedin to Wellington.
Lloyds Bank acquired a small interest in The National Bank in 1919. There was a steady substantial drain of New Zealand shareholdings to the National Bank of New Zealand overseas share register throughout the 1950s and early 1960s This situation continued until 1966, when Lloyds Bank purchased The National Bank outright. In 1967 National Bank and the
Bank of New Zealand established joint data processing services operated by
Databank Systems. The other trading banks joined the now proven computer system and ownership of Databank the following year. The bank tentatively dipped a toe into foreign waters in 1969 when it established a branch in
Rarotonga,
Cook Islands. This foray ended in 1986 when it sold its banking license in Rarotonga to European Pacific Banking Company. The head office was moved from
London to Wellington in 1978 and the Black Horse became its emblem. The Black Horse logo dates back to 1677 London when Humphrey Stockes adopted it as the sign for his shop. Stokes was a goldsmith and 'keeper of the running cashes', a banker. When Lloyds Bank took over his site in 1884 it kept the horse as its symbol. The National Bank acquired Southpac Investment Management in 1983. Five years later it bought The Rural Bank, the former New Zealand Government owned bank, from
Fletcher Challenge. It continued consolidating banking in NZ by purchasing
Countrywide Banking Corporation from
Bank of Scotland in 1998. In December 2003, the
Australia & New Zealand Banking Group purchased the National Bank. Included in the sale was the right to continue to use the Black Horse logo for seven years. In September 2012, ANZ announced that the National Bank brand would be retired in favour of the ANZ brand over the next two years. ==Sponsorships==