Update on proposed merger with Teacher Mutual Bank

Update on proposed merger with Teachers Mutual Bank

UniBank has recently mailed out to members a follow up letter to provide an update on progress regarding the proposed merger with Teachers Mutual Bank.

This letter updates members on the following items:

• The completion of due diligence to the satisfaction of both parties
• The completion of all required documentation (including the Member Information Statement, which details the relevant terms and conditions governing the merger as well as the expected benefits to members)
• Confirmation that this documentation has been forwarded to the regulator (APRA) for review/approval
• Advice that upon APRA’s approval, this documentation will be sent out to members for their consideration
• Prior to the holding of the Special General Meeting, several information sessions will be held so that all members have an opportunity to ask questions about any aspect of the proposal
• Notice of the date and the venue of the Special General Meeting will also be provided to members, together with information about the voting procedure.

If any member has any questions concerning the information contained in this update, please do not hesitate to contact UniBank here.