Doing business as BankWest, Bank of Western Australia provides mortgages, personal loans, credit cards, savings, and deposit products. It is not merely active in Western Australia, however BankWest has established distribution channels in Adelaide, Brisbane, Melbourne, and Sydney; these make up about a half of total lending. BankWest opened for business in 1895 as the Agricultural Bank of Western Australia; it was acquired by Bank of Scotland (the BOS in HBOS) in 1995. In late 2008 Commonwealth Bank of Australia acquired BankWest from struggling HBOS, itself acquired by British bank Lloyds shortly after.