Westpac Bank was Australia’s first bank, established in 1817 as the Bank of New South Wales. In 1982, it became Westpac Banking Corporation when BNSW merged with the Commercial Bank of Australia. It provides banking products and financial services through five divisions: Consumer Bank, Business Bank, BT Financial Group, Westpac Institutional Bank, and Westpac New Zealand. The bank employs around 32,620 staff. Headquartered in Sydney, Westpac serves 13 million customers.