The London Chartered Bank was formed in London in 1852 and one year later established branches in both Melbourne and Sydney. In 1882, the bank opened a Brisbane branch. During the financial crisis of 1893 this revered establishment was forced to suspend its payments but only for four months, later re-opening its doors. The London Chartered Bank of Australia lives on through its subsequent mergers. In 1921 the bank merged with the English, Scottish and Australian Bank (ES&A) which in turn amalgamated with the ANZ in 1970. The note has an original crispness in its paper and vibrant colours that defies time.