IMB Bank is pleased to confirm that APRA has approved the total transfer of business of Sutherland Credit Union Limited (The Shire…Local Banking) to IMB Bank.
The transfer will take place on 1 July 2016, at which time all members of The Shire…Local Banking will become members of IMB Bank.
As previously foreshadowed, in order to facilitate a smooth transition, there will be no change to either IMB Bank’s or The Shire… Local Banking’s members’ current banking arrangements until the two separate banking systems are integrated in the medium term. Further communications with all members will occur over the course of the merger integration process.
An overview of the merged organisation is shown below:
|
Branches |
48 |
|
Members |
190,000 |
|
Employees |
547 |
|
Assets |
$5.4 Billion |
14 June 2016
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