OneSavings Bank (OSB) has announced that non-executive director Tim Hanford has tendered his resignation from the board, effective 31st December 2017.
Tim has spent nearly seven years in the role at OSB having joined the board in February 2011.
Tim is also a member of the nomination and governance committee.
Andy Golding, chief executive of OSB, thanked Tim for the contribution he had made to the success of the specialist bank.
“Tim has been a member of the board since OSB was created and has been a huge strategic influence on the bank’s outstanding journey to become the respected specialist lender and established FTSE 250 company that it is today.
“He will be missed, and I wish him well in the future.”
Tim’s resignation comes as he looks to focus on his other business interests, but said OSB had been an extraordinary success story.
“It has been a pleasure to have been part of the development of the bank from a struggling building society into the dynamic specialist that it is today.
“I leave OSB confident in its future, with an excellent management team and a strong board to guide its development.
“Working with Andy and his talented colleagues has been a great privilege.
“I now wish them all the very best in continuing to build on their successes to date.”
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
Paragon reports 54% asset finance lending increase
Paragon Banking Group has seen its asset finance lending increase to £164m in the six months to 31st March 2018, up 54% on the same period last year.
Sainsbury’s Bank launches BTL products
Sainsbury’s Bank has expanded its mortgage range with the launch of new buy-to-let (BTL) products.
Charter Savings Bank launches five new accounts
Charter Savings Bank has announced the launch of five new accounts as well as rate rises of up to 0.16%.
Mobile banking log-ins increase 13% in 2017
Customers logged into mobile banking apps 5.5 billion times during 2017, up 13% on the figure for 2016, according to the latest research.
PCF reports £2.1m profit before tax
PCF Group PLC has announced that profit before tax was up 20% to £2.1m – notwithstanding the cost of new banking infrastructure and resource – for the six months to 31st March 2018.
Tandem plans to originate £1m-plus mortgages
In an exclusive interview with Specialist Banking, Ricky Knox, CEO at Tandem (pictured above), revealed that the digital challenger bank was planning to soon go live with new originations for mortgages.
Tipton & Coseley Building Society names new director
Tipton & Coseley Building Society has hired Cammy Amaira (pictured above) as its new director of sales and marketing.
EIB advances €100m to VIVAWEST
The European Investment Bank (EIB) has provided a €100m loan to VIVAWEST.
Retail savings: an attractive source of funding
While issues such as the impact of Brexit, regulation, competition and transforming business models through digitalisation are an immediate priority for many lenders not currently in the savings market, savings should be a strong future strategic consideration.
Arbuthnot Commercial lends £3.25m against completed development
Mantra Capital has arranged a £3.25m loan facility against a multi-residential unit in Peterborough through Arbuthnot Commercial, the commercial arm of Arbuthnot Latham & Co.