FNB TRUST SERVICES-JOHANNESBURG

Company name
FNB TRUST SERVICES-JOHANNESBURG
Address
F N B BLDG CRADOCK AV RSEBNK, Rosebank, Gauteng, South Africa   View map
Phone
+27 11 280-8700

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Questions
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Natalie Keevy
I am trying to get hold of Peter May who dealt with my Mom's estate - Mrs BW Keevy, is he still working at the Rosebank branch or is there someone else I can talk to - this is urgent
29 Nov, 2018
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gale
Good day , My late dad passed away in 2011/11/11, I got his car from the estate, now I have sold the car and I need papers to say it was his car and left to me and I need change of ownership papers onto the new person name . please can someone get back to me
6 Jun, 2018
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Prof Terence McCarthy
What is the name and e-mail address of the manager of FNB Trust Services, Johannesburg?
19 Jul, 2016
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Company Details

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F N B BLDG CRADOCK AV RSEBNK, Rosebank, Gauteng, South Africa
Description
According to its website, FNB is the oldest bank in South Africa. It traces its origins back to the Eastern triocrees Province Bank, which was formed in Grahamstown in 1838. At that time the bank financed the wool export boom in the district. By 1874, the bank had four branches - at Grahamstown, Middelburg, Cradock and Queenstown. Due to a recession the bank was bought out in 1874 by the Oriental Bank Corporation (OBC). However, as a result of financial difficulties that the Oriental Bank Corporation was experiencing in India, it decided to withdraw from South Africa and thus the Bank of Africa was formed in 1879 to take over the OBC's business in South Africa.

At about the same time, the government of the South African Republic desired to create a local commercial bank, due to the discovery of gold in Barberton and the Witwatersrand. The government thus created a bank through a concession agreement. The task of the bank was to focus primarily on financing agricultural development. A state mint was also established as part of the concession. The Nationale Bank der Zuid-Afrikaansche Republiek Beperk (National Bank of the South African Republic Limited) was registered in Pretoria in 1891 and opened for business on 5 April of the same year. After the conclusion of the Second Anglo-Boer War in 1902, the name of this bank was changed to the National Bank of South Africa Limited.

Due to another recession, the Bank of Africa was bought out by the National Bank in 1912, which had already bought out another bank, the National Bank of the Orange River Colony in 1910. The Natal Bank, which was founded in 1854 to fund the Natal Colony's sugar industry, also suffered financial difficulties and was taken over in 1914. By this time, the National Bank was now one of the strongest and largest banks in South Africa.

However, by the early 1920s, the National Bank was suffering from bad debt and heavy losses. It consequently merged with the Anglo-Egyptian Bank and the Colonial Bank in 1925 to form Barclays Bank (Dominion, Colonial and Overseas). In 1971 Barclays restructured its operation and its South Africa operation was renamed Barclays National Bank Limited.

Due to a disinvestment campaign against South Africa because of its apartheid policies, Barclays was forced to reduce its shareholding and sold its shareholding in the bank in 1986. The bank was renamed "First National Bank of Southern Africa Limited" in 1987 and became a wholly South African owned and controlled entity.

In 1998, the financial services interests (which included their shareholding in First National Bank) of Rand Merchant Bank Holdings and Anglo-American Corporation were merged to form First Rand Limited, which is listed on the JSE Securities Exchange. In consequence, FNB became a wholly owned subsidiary of First Rand Limited; it currently trades as a division of FirstRand Bank Limited.

In 1999 the First National Bank was mentioned in the 'Ciex Report' that summarised a two-year long investigation into the theft of R26 billion from the state during the apartheid era. The investigators claimed that FNB unlawfully received hundreds of millions of Rands from the SARB. The money was disguised as 'lifeboats' for covering bad loans. True to 2017 the stolen funds have yet to be recovered.
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