Green’s Dictionary of Slang

spank n.2

1. a slap with an open hand [later use is SE].

[UK]Grose Classical Dict. of the Vulgar Tongue n.p.: Spanks, [...] blows with the open hand.
[UK]Lex. Balatronicum.
[UK]Egan Grose’s Classical Dict. of the Vulgar Tongue.
[Aus]Bell’s Life in Sydney 17 Oct. 3/3: Maria [...] popped in a heavy spank on the dexter dimple which brought tho pink ribbons to the ground.
[UK]Wild Boys of London I 7/1: He hits him a spank in the jaw.

2. the breaking of a shop window before grabbing whatever can be reached.

[Aus]Vaux Vocab. of the Flash Lang.
[UK]Egan Grose’s Classical Dict. of the Vulgar Tongue.
[Aus]Bell’s Life in Sydney 10 Apr. 2/3: Ike sent in a left-handed spank on the winker.

3. a punch.

[US]N.Y. Clipper 13 Aug. 1/7: A spank on the gob from Barry’s left.
[UK](con. 1824) Fights for the Championship 95: Ward floored him with a heavy spank on the throttle.
[UK]Mirror of Life 27 Jan. 3/2: Sam Millard sprang up and caught Joe Wareham a heavy spank on the nose.
[UK]B. Hill Boss of Britain’s Underworld 203: ‘All right George [...] Give him a spank.’ George walked over to the dago and slung a right-hander on his chin.

In compounds

spank-bank (n.)

(Aus.) a fig. ’bank’ of erotic/pornograohic images used when masturbating.

[Aus]me-stepmums-too-fuckin-hot-mate at www.fakku.net 🌐 I’ve had...the thought of you in your knickers in me spank bank for yonks.

In phrases

do the spank (v.)

(US black) to have sexual intercourse.

[US]L. Stavsky et al. A2Z.