Cambridge & Counties Bank
|Founded||June 2012 in Cambridge, UK|
Cambridge & Counties Bank launched in June 2012 and has a unique ownership structure, being owned 50% by Trinity Hall, a Cambridge University College, and 50% by Cambridgeshire Local Government Pension Scheme. The bank provides secured loans for business owner occupiers and commercial and residential investment to experienced landlords. The bank also offers a range of deposit/savings accounts for institutions that are available to businesses, charities, clubs, societies and associations.
Cambridge & Counties Bank is registered under Company Registration No: 07972522. The bank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority and can be found under the Financial Services Register No: 579415.
Cambridge & Counties Bank was established with Gary Wilkinson appointed as CEO, and at launch offered secured loans to SMEs for business mortgages and commercial property investment. Five months after launch, residential property investment lending was added to the portfolio.
On its first anniversary, the bank announced that it had made loans totalling £40m and had signed up its 1000th new customer. Shortly afterwards the bank confirmed it had achieved break even on a monthly trading basis. By the end of 2013 the regional business bank had lent more than £113m, with more than 250 loans
In October 2014, Mike Kirsopp was appointed as Chief Executive Officer for the bank.