Have you noticed the new logo for the IMB Bank Cook Community Classic?
The new look celebrates exciting news for our major sponsor IMB Bank.
When the doors opened this week at IMB’s 44 branches, members saw for the first time the business name of IMB Bank.
IMB was approved to become a mutual bank last month and now, 135 years after the Illawarra Mutual Building Society was established, the next stage of IMB’s evolution is complete.
Chief Executive Robert Ryan said members would notice little difference as IMB remains a member owned financial institution.
“IMB will still offer the same wide range of products and services with the same competitive interest rates as we have always done, providing a great alternative to the major banks in the Illawarra.
“It’s an exciting time as we begin this new chapter for IMB and looking after our members and the communities in which we operate remains at the heart of our business.
“In the next few months, we will be introducing new technologies to make it easier for members to bank with us and the IMB Community Foundation has just announced another $500,000 to local communities, with more than $200,000 donated to 18 Illawarra projects,” he said.
The IMB Board made the decision to change to a mutual bank to support long-term growth strategies.
Research had revealed that younger people were unclear about what a building society offered and therefore did not consider IMB when they needed financial products.
“As IMB Bank, we look forward to helping a new generation of members with their needs,” Mr Ryan said.
IMB Bank serves around 180,000 members, has $5 billion in assets and 44 branch locations, including more branches in the Illawarra region than any other financial institution.