Jun 3, 2026 – 4.00pmRising technology investment demands and increasing regulatory complexity have pushed even the biggest mutual banks, which are owned by members, into mergers.In the past two decades, more than 100 banks have disappeared as smaller lenders merge with their rivals in a bid to compete with the big four banks on pricing, technology and services.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Inside mutual bank mergers: ‘We are seeing a lot more ... for survival’
However, not all are convinced of the sector’s consolidation. IMB Bank CEO Rob Ryan, who leads one of the biggest mutuals, argues mergers don’t add value.
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