First high street in a bank century
(9 March 2010 – UK) The first British high street bank to be granted a banking licence in more that 100 years, Metro Bank, has announced it will open two initial branches with plans to grow to over 200 in the next decade.
Metro Bank said in a statement this week that the British banking revolution started when the Financial Services Authority granted the first full service banking licence for a new high street bank since the 19th Century.
The bank plans to open its first two branches in the second quarter of 2010 in central London, followed by a further two branches in Fulham and Borehamwood.
Metro Bank is backed by US billionaire and former Commerce Bank owner, Vernon Hill and the group has said it intends to build a network of more than 200 branches in Greater London over the next 10 years.
Metro Bank said Friday that it will focus on customer services, adding that branches would be open seven days a week and twice as long as other banks and will offer a 15 minute rapid opening account procedure.
Metro Bank named Craig Donaldson as chief executive officer. Mr Donaldson was formerly managing director of retail banking at the Royal Bank of Scotland, which was rescued by the taxpayer and is now 84 percent state-owned.
The bank plans to open its first two branches in the second quarter of 2010 in central London, followed by a further two branches in Fulham and Borehamwood.
Metro Bank is backed by US billionaire and former Commerce Bank owner, Vernon Hill and the group has said it intends to build a network of more than 200 branches in Greater London over the next 10 years.
Metro Bank said Friday that it will focus on customer services, adding that branches would be open seven days a week and twice as long as other banks and will offer a 15 minute rapid opening account procedure.
Metro Bank named Craig Donaldson as chief executive officer. Mr Donaldson was formerly managing director of retail banking at the Royal Bank of Scotland, which was rescued by the taxpayer and is now 84 percent state-owned.
Subscribe