Newly launched Redwood Bank has officially opened its Warrington office.
The business bank – which launched in August – aims to offer an alternative for SMEs in and around the Warrington area, with its new office leading the banks’ lending in the town and the North West region.
Redwood Bank provides loans to local business owners – secured on their commercial property – together with loans to professional landlords secured on their residential or commercial investment properties.
The bank has also launched best buy online notice savings accounts for businesses, clubs, societies, associations and charities.
The bank’s products are supported by a personalised, relationship-driven service.
Gary Wilkinson, CEO and co-founder of Redwood Bank, said: “We are delighted and proud to be open for business and to launch Redwood Bank Warrington and to confirm our commitment to helping local businesses thrive.
“I would like to take this opportunity to thank the Warrington community for welcoming us into your town and we look forward to helping local businesses unlock their full potential.”
Warrington Borough Council is a major shareholder in the bank in what is claimed to be a unique public-private partnership.
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
U Account introduces cash pay-in option
U Account has launched a cash pay-in option for its 50,000 current account customers.
Aldermore provides £6.27m loan for south London development
Acre Invest has agreed a £6.27m funding package with Aldermore to build a large commercial unit and 18 apartments in Sydenham, south London.
Metro Bank to launch AI-powered money management service
Metro Bank has announced the upcoming release of Insights, a new artificial intelligence-powered money management service.
Over 500,000 complaints made about current accounts
The FCA has revealed that 509,047 complaints were made to financial services firms about current accounts during the second half of 2017.
A guide to ethical banking
Some 56% of workers with a pension are interested in investing in community projects, according to recent research.
Countingup partners with PrePay Solutions
PrePay Solutions (PPS) has joined forces with challenger bank Countingup to provide business accounting and banking together in one place.
TSB and Enterprise Nation offer SMEs digital MOT test
TSB’s small business customers have the opportunity to undertake a newly created digital MOT test as they join the Enterprise Nation community.
Revolut introduces spare change savings feature
Revolut has become the latest mobile banking platform to add a spare change savings feature to its current account.
GDPR compliance highlighted at first FIBA roadshow
The Financial Intermediary & Broker Association (FIBA) held its first regional roadshow last Thursday (12th April) in north London.
Moneyhub integrates with Monzo and Starling
Moneyhub has integrated with Monzo and Starling’s APIs to provide customers of the digital banks with a comprehensive overview of all their financial assets.