The Former State Savings Bank of Victoria - Radovic Street, Korumburra
The Korumburra State Bank of Victoria branch used to be located on Radovick Street, one of Korumburra's main commercial streets. Built in 1902 in Federation Free Classical style, the branch building represented the strength and stability the bank wished to portray.
The State Bank of Victoria branch has a very stylish facade with typical indicators of Federation Free Classical architecture including a symmetrical facade, a pedimented parapet to conceal the roof, a simple entablature, and classical pilasters. All of this combines to provide a very classically designed and proportioned building which catches the eye, even from a distance.
The State Savings bank of Victoria was a bank that existed from 1842 until 1990 when it was taken over by the Commonwealth Bank. It was owned by the State of Victoria. A government-controlled savings bank had been founded on 1 January 1842 as the Savings Bank of Port Philip. The independent Savings Banks merged over time and this development was recognized by legislation in 1912, whereupon the bank was established as the State Savings Bank of Victoria. In 1980 its name was changed to the State Bank until its sale and subsequent dissolution in 1990. The bank collapsed due to the weight of the bad loans made in the 1980s, in particular by its merchant banking arm Tricontinental, after deregulation of the banking industry in the mid-1980s by the government.
Korumburra is a medium-sized dairy and farming town in country Victoria, located on the South Gippsland Highway, 120 kilometres south-east of Melbourne. Surrounded by rolling green hills, the town has a population of a little over 4,000 people. Korumburra has built itself on coal mining (after the discovery of a coal seam in 1870), local forestry and dairy farming. Whilst the coal seam has been used up, farming in the area still thrives and a great deal of dairy produce is created from the area. The post office in the area opened on the 1st of September in 1884, and moved to the township on the railway survey line on the 1st of November 1889, the existing office being renamed Glentress. The steam railway connecting it with Melbourne arrived in 1891. Whilst the train line has long since operating commercially, it has found a new life as the popular tourist railway the South Gippsland Railway which operates a heritage railway service between the major country centre of Leongatha and the small market town of Nyora.
The Former State Savings Bank of Victoria - Radovic Street, Korumburra
The Korumburra State Bank of Victoria branch used to be located on Radovick Street, one of Korumburra's main commercial streets. Built in 1902 in Federation Free Classical style, the branch building represented the strength and stability the bank wished to portray.
The State Bank of Victoria branch has a very stylish facade with typical indicators of Federation Free Classical architecture including a symmetrical facade, a pedimented parapet to conceal the roof, a simple entablature, and classical pilasters. All of this combines to provide a very classically designed and proportioned building which catches the eye, even from a distance.
The State Savings bank of Victoria was a bank that existed from 1842 until 1990 when it was taken over by the Commonwealth Bank. It was owned by the State of Victoria. A government-controlled savings bank had been founded on 1 January 1842 as the Savings Bank of Port Philip. The independent Savings Banks merged over time and this development was recognized by legislation in 1912, whereupon the bank was established as the State Savings Bank of Victoria. In 1980 its name was changed to the State Bank until its sale and subsequent dissolution in 1990. The bank collapsed due to the weight of the bad loans made in the 1980s, in particular by its merchant banking arm Tricontinental, after deregulation of the banking industry in the mid-1980s by the government.
Korumburra is a medium-sized dairy and farming town in country Victoria, located on the South Gippsland Highway, 120 kilometres south-east of Melbourne. Surrounded by rolling green hills, the town has a population of a little over 4,000 people. Korumburra has built itself on coal mining (after the discovery of a coal seam in 1870), local forestry and dairy farming. Whilst the coal seam has been used up, farming in the area still thrives and a great deal of dairy produce is created from the area. The post office in the area opened on the 1st of September in 1884, and moved to the township on the railway survey line on the 1st of November 1889, the existing office being renamed Glentress. The steam railway connecting it with Melbourne arrived in 1891. Whilst the train line has long since operating commercially, it has found a new life as the popular tourist railway the South Gippsland Railway which operates a heritage railway service between the major country centre of Leongatha and the small market town of Nyora.