Our merger with Australian Mutual Bank

Members of both Teachers Mutual Bank Limited and Australian Mutual Bank have voted in favour of merging to create an even stronger, 100% member-owned bank.

Creating an even stronger bank

At our Special General Meeting on 12 March 2026, our members voted yes to create an even stronger, member-owned bank by merging with Australian Mutual Bank. On 1 May 2026, our two banks came together as a merged bank.

Australian Mutual Bank has joined our existing brands - Teachers Mutual Bank, Health Professionals Bank, Firefighters Mutual Bank and UniBank - as part of Teachers Mutual Bank Limited.

 

By coming together, we are creating an even stronger and more resilient bank with increased capacity to invest in what our members value: customer service, competitive financial products, and digital banking services - including fraud and scams prevention technology. 

As a merged bank, we remain committed to supporting the professions and communities that support us, through sponsorships, scholarships and other community partnerships.

Together, we are an even stronger, more resilient, 100% member-owned bank.

 

Two staff members are sitting happy over the proposed merger.

Our commitments for the merger

A dollar sign with a plant growing out of it; representing the sustainable investment the merger will enable.

Lower fees, more value and a broader range of products
Members will benefit from a broader range of competitive financial products and services—plus savings from lower fees.
An award ribbon with a love heart in the field; representing the great service both banks are known for.

Improved Australian-based customer service 
The merger enables improved Australian-based customer service with contact centre teams in Sydney, Perth, and across Australia.
A shield with a tick on it; representing the familiar existing brands being retained.

Familiar brands and service
Upon merging, the Teachers Mutual Bank, Health Professionals Bank, Firefighters Mutual Bank, UniBank and Australian Mutual Bank brands will operate alongside each other.
An icon of a map pin; representing the new options for banking in person that the merger will provide with the same number of branches retained.

More branches, no closures
There’ll be no branch closures due to the merger. Post-merger members will have access to nearly double the number of branches, with locations from both banks available to all members.
100% in a circle; representing both banks' commitment to remaining customer owned.

100% member-owned 
We’ll remain 100% member-owned, meaning our profits are re-invested into our organisation for the benefit of members and the community.
An icon of a padlock on a shield; representing our commitment to keeping members' money safe.

Greater investment into smarter, safer banking
We'll invest more in digital and mobile banking; boost customer support; and strengthen investment against scams, fraud and cyber threats.
An outline of Australia; representing our commitment to remaining 100% Australian owned

100% Australian based
Our operations will remain 100% based in Australia.
An icon of a person; representing the opportunities the merger will present to our people.

Stronger bank, broader career paths
Our combined 750 employees will have even more opportunities to grow and build fulfilling careers in our bank and there will be no forced redundancies as a result of the merger.

The Certified B Corporation logo; representing our commitment to maintaining the certification.

Profit for purpose
We’ll keep operating as a profit for purpose bank and retain our commitment to B Corp Certification.
An icon of two hands holding a heart; representing the support the bank will continue to provide to the community.

Giving back to our communities
We'll keep supporting the industries and communities that support us through sponsorships, scholarships and other community partnerships. Post-merger we'll also support the Australian Mutuals Foundation.

Australian Mutual Bank suppliers

We are communicating with Australian Mutual Bank Limited (AMBL) suppliers to ensure suppliers are aware of the upcoming merger and any relevant details. This notice has been sent to the best supplier contact details currently held by AMBL.

Unless you are contacted separately, there is no change at this stage to your existing commercial arrangements or day-to-day engagement, other than the administrative matters outlined in the formal notice. For further information, please refer to the contact details provided in the communication you received.

If you have not been contacted, and believe you should have been, please email us.