View source for IMB Bank

{{Short description|Other organization in Wollongong, Australia}}
{{Use dmy dates|date=November 2019}}
{{Infobox company
| name = IMB Bank
| logo = IMB-logo.svg
| image = IMB_Bank_Head_Office.jpg
| type = [[Bank]] ([[Mutual organization|Mutual]])
| foundation = 1880<ref name="cup">{{cite book | title = Investment in Australian economic development: 1861 - 1900 | url = https://archive.org/details/investmentinaust0000butl | url-access = registration | author = N. G. Butlin | publisher = [[Cambridge University Press]] | page = [https://archive.org/details/investmentinaust0000butl/page/252 252] | year= 1964 }}</ref>
| location = [[Wollongong]], [[Australia]]
| industry = [[Banking]] and [[financial services]]
| products = Personal Banking, Business Banking
| net_income =
| assets =
| homepage = [http://www.imb.com.au/ www.imb.com.au]
}}
'''IMB Bank''' is an Australian [[mutual savings bank|mutual bank]] established in 1880. In 2020, IMB Bank was voted by '''[[Forbes]]''' as one of the World's Best Banks,<ref>{{Cite web |last=BISNOFF" |first="JASON |title=World's Best Banks 2022 |url=https://www.forbes.com/lists/worlds-best-banks/ |access-date=2023-03-20 |website=Forbes |language=en}}</ref> and, in 2022, was found by financial services research company '''Canstar''' to have Australia's Most Satisfied Customers for both the Bank and Mutual Bank categories.<ref name=":0">{{Cite web |date=2022-07-26 |title=Banking Customer Satisfaction Awards 2022 |url=https://www.canstar.com.au/home-loans/banking-customer-satisfaction-2022/ |access-date=2023-03-20 |website=Canstar |language=en}}</ref>
IMB Bank has over $7.3b in assets<ref>{{Cite web |title=Financial & Corporate Reports - IMB Bank |url=https://www.imb.com.au/investor-centre-financial-a-corporate-reports.html |access-date=2023-03-20 |website=www.imb.com.au}}</ref> and is regulated by the [[Australian Prudential Regulation Authority]], (APRA). It is a member of the '''Customer Owned Banking Association''' (COBA), an independent organisation representing mutual banks, building societies and credit unions.
== History ==
IMB Bank was established in 1880 in the port community of [[Wollongong]], 85km south of [[Sydney]]. It began life as the '''Illawarra Mutual [[Building society|Building Society]]''', with the express purpose of “enabling people to become their own landlords”.<ref>{{Cite web |title=IMB Bank 140 Year Timeline - IMB Bank |url=https://www.imb.com.au/140years |access-date=2023-03-20 |website=www.imb.com.au}}</ref>
It grew throughout southern [[New South Wales]] over subsequent decades, entering the [[Sydney]] market in 1989, [[Melbourne]] in 2006 and, after a successful merger with the '''Hunter United Credit Union''', the [[Newcastle, New South Wales|Newcastle]]/[[Hunter Region]] in 2020.
IMB became a mutual bank in 2015, formally rebranding as '''IMB Bank'''.
== Products and Services ==
IMB provides members with retail banking (home and personal lending, savings and transaction accounts, term deposits) and business banking products, and access to general insurance and financial planning services.
IMB Bank customers have access to internet, phone and app banking, supported by an Australian-based contact centre, located at the company's head office in Wollongong. The bank has an extensive branch network, currently numbering 52 across NSW, the ACT and Melbourne.
== Community Support ==
IMB Bank has a history of community support and engagement. This includes sponsorship of sporting competitions, civic groups and projects, community events and initiatives, local business advocacy and awards, and more.<ref>{{Cite web |last=Bank |first=I. M. B. |title=IMB {{!}} Better Value Banking |url=https://www.imb.com.au/community |access-date=2023-03-21 |website=www.imb.com.au |language=en-gb}}</ref>
== IMB Bank Community Foundation ==
Established in 1999, the '''IMB Bank Community Foundation''' provides annual grants to [[community]] and [[Volunteering|volunteer]] groups in the [[Not-for-profit organization|not-for-profit]] sector, in the areas where the bank operates.
Since inception, the Foundation has donated over $11 million to more than 850 not-for-profit and charity groups.<ref>{{Cite web |title=IMB Bank Community Foundation - IMB Bank |url=https://www.imb.com.au/community-foundations-imb-community-foundation.html |access-date=2023-03-21 |website=www.imb.com.au}}</ref> The nature of projects the program funds varies from year-to year and are assessed by a committee-approval process.
==See also==
{{Portal|Australia|Banks|Companies}}
* [[Banking in Australia]]
* [[List of banks]]
* [[List of banks in Australia]]
* [[List of banks in Oceania]]
* [[List of oldest companies in Australia]]
==References==
{{Reflist}}
{{Banking in Australia}}
{{Authority control}}
{{DEFAULTSORT:IMB Banking and Financial Services}}
<!--- Categories --->
[[Category:Wollongong]]
[[Category:Banks established in 1880]]
[[Category:Building societies of Australia]]
[[Category:Banks of Australia]]
[[Category:Australian companies established in 1880]]
{{Australia-company-stub}}
{{Bank-stub}}