IMB was established in 1880 to provide housing finance and savings facilities for the communities in the Illawarra region of NSW. Since then IMB has expanded to 38 branches throughout the country and offers a full range of products and services through their in person consultations and electronic banking facilities. These products include commercial banking, home lending, personal lending, savings accounts, transaction accounts, term deposits and financial planning services. IMB have continued to develop their products and distribution network whilst staying true to their regional roots that embody mateship, simplicity and community support. In 2005 IMB was named Building Society of the Year in the Money Magazine Consumer Finance Awards.