Bank First

Bank First, formerly known as Victoria Teachers Mutual Bank, is an Australian financial institution with more than 110,000 customers, and over $2.69 billion in assets. Based in the state of Victoria, it is one of a handful focussing on the education and healthcare communities, but still offering service to the wider community. Services provided by the bank include everyday banking, loans, insurance, and financial planning.

Bank First
IndustryBanking
Founded1972
HeadquartersHawthorn East, Victoria
Area served
Australia
Key people
Michelle Bagnall,
(CEO)
Bernie Lloyd,
(Chair)
ProductsRetail Banking
School & Preschool Banking
Insurance
Wealth Management
Total assets A$2.69[1] billion (2019)
WebsiteBank First

As a mutual bank, Bank First is owned by its customers and not external shareholders. Each customer owns an equal share of the organisation, and profits are reinvested into the bank and its target communities, rather than external shareholders.[2][3]

The bank was renamed Bank First from Victoria Teachers Mutual Bank in December 2017.

References
  1. "Annual Reports, Codes & Procedures".
  2. Roy Morgan customer satisfaction research
  3. "Awards & Recognition". www.bankfirst.com.au.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.