Perth Building Society was Western Australia’s first building society.[1] It operated from 1862 to 1987, when it amalgamated with the Hotham Permanent Building Society to form Challenge Bank.[2]
PBS was founded by WA Attorney General George Frederick Stone, Lt. Col. J. Bruce, Adjutant General W. Knight, Rev. G.P. Pownall, Magistrate H. Wakefield[3] and Joseph Thomas Reilly.[4]
It proposed an earlier merger in 1981 with Bendigo Building Society, but Bendigo customers and shareholders opposed the move.[5]