The story
TMB was the brainchild of Field Marshall Sarit Thanarat. He endeavoured to establish a commercial banking business to provide financial services exclusively to military personnel under the Commercial Banking Act B.E. 2488 (1945). The bank started in 1957, but only opened its first branch, Ratchaprasong Branch, in Bangkok in 1963.
In 1973 it became a full commercial bank with the general public as its customer base. It adopted the slogan, "Thai Military Bank, the Bank for all people". In 2005, TMB adopted the new official name in English, "TMB Bank Public Company Limited", a new corporate logo, and a new slogan, "Better Partner, Better Value".
In 2014, TTB set up FAI-FAH as its main corporate social responsibility programme. FAI-FAH was a learning centre where free courses in cooking, painting, singing, dancing and other subjects are offered to low-income teenagers. The bank created two FAI-FAH centres. Many of the children who have been trained by the center have returned to their communities and initiated community development programme aided by ttb staffers who work as volunteers.
Merger with Thanachart Bank 2019
In 2019, TMB Bank agreed to merge with Thanachart Bank, a retail bank in Thailand, which would make TMBThanachart the sixth largest bank in Thailand. The merger completed in July 2021. Initially, TMBThanachart will have 91 branches, 58 in Bangkok and 33 in the provinces. Praphan Anupongongarch was President of the combined TMBThanachart Bank.
By 2023, the bank had 560 conventional bank branches and announced a plan to convert 5-10 branches in Bangkok to paperless and cashless branches.
From Wikipedia’s article on TMBThanachart Bank, shared under CC BY-SA 4.0.4