On this page you can learn more about our proposed merger with Teachers Mutual Bank Limited. As a member of Australian Mutual Bank Ltd, in 2026 we’ll ask you to vote on the proposed merger to bring together two of Australia’s trusted banks to create one of Australia’s largest member owned banks. We’ll update this page as we have new information to keep you informed.
Australian Mutual Bank and Teachers Mutual Bank are pleased to announce the signing of a memorandum of understanding to explore a potential merger.
Completion of the merger remains subject to due diligence, approval by regulators and our members. Subject to these approvals, target completion date for the merger is 2026.
Started almost 60 years ago by a group of volunteers, Teachers Mutual Bank Limited is today one of Australia’s largest customer-owned banks, helping almost a quarter of a million Australians working in the vocations of health, education, and emergency services. Its purpose is banking for good for those who do good and has almost 600 employees who are committed to delivering exceptional service, competitive products and services, and supporting its customers.
