Founded in 1840 by Scottish brothers James and Andrew Johnston to support their brewery.

The Johnston family hailed from Oakbank, Scotland district, and hence decided to name the new township Oakbank.

A large oak tree that still stands in the main street of the town was reportedly grown from an acorn carried to Australia by one of the brothers.

Oakbank is famous for its Oakbank Easter Races, the largest picnic races in the world.

A historic town, a visit to the local Weavers followed by a hearty Steak at the Steak House is recommended.