BankWest began in 1895 as the Agricultural Bank of Western Australia, set up by the Western Australian Government to service the needs of the state’s farmers.
By 1923, the bank had eight district offices throughout Western Australia, and in 1945 the bank became a trading bank under the new name, the Rural and Industries Bank of Western Australia (known as the R&I). In 1956, the bank became a savings bank.
The first branch in Sydney was opened in 1985.
In 1994, the bank became the Bank of Western Australia and started trading under the name Bankwest.