On 17 September 1928, 26 returned servicemen of the 1914 to 1918 war founded the City of Bankstown RSL sub-Branch. The clubhouse at 1 Meredith Street opened in 1955, with blue walls under bright red ceilings. The underground sports complex originally held a swimming pool, a squash court, a gym, and a sauna.
The 1955 building was a mid-century Australian club, from the era Commercial Real Estate called 'when kitsch was king'. At peak the upper floors carried live entertainment, dining rooms and bars. By the years before demolition, the pool was drained and the squash court's wooden floor had bowed and started peeling.
Membership peaked in the 1950s and 1960s, when RSL clubs sat at the centre of suburban Australian social life. By the early 2000s, financial pressure and shifting habits had reduced the club's footprint; in 2017 the land at 32 Kitchener Parade was sold to Poly Australia. Paul Keating, who grew up in Bankstown, called the club a 'great place of congregation' in his 2005 Bankstown City Silver Jubilee address.
The 1955 clubhouse closed on 15 January 2019 and was demolished in March. A new Bankstown RSL & Hotel had already opened on the same site on 21 January, designed by Altis Architecture. The First World War Honor Roll and the 1997 Denis Phillips memorial were moved before demolition; alongside the new club, the Spring Square redevelopment is rising in 516 to 520 apartments across five towers.