Cumberland Building Society to expand commercial banking offer to new sectors

The Cumberland Building Society is expanded its commercial offering to lend money to businesses across the North of England and Scotland in the Healthcare, Professional Services, and Food & Drink sectors.

With its Head Office in Carlisle, The Cumberland will provide mortgages, current accounts, and business savings accounts to these new sectors and has a 28-strong commercial team.

Its main commercial sector focus so far has been hospitality but the expansion will now also include accountants, solicitors, and surveyors from the professional services sector, and food and drink manufacturers, retailers, and wholesalers.

The Cumberland’s strap line is Kinder Banking says gives it a “rare” relationship-managed service, prioritising a personalised customer experience delivered by real people.

Scott McKerracher, Head of Commercial at The Cumberland, said: “At The Cumberland we believe in responsible banking that puts people first. This approach has served us well for more than 170 years and so it’s great that we can now roll this out into new sectors.

“It is a natural progression for us to expand into different sectors, enabling us to extend our Kinder Banking approach to a wider range of businesses, offering them not just the financial services they need, but also a human touch which will help guide them moving forward.

“We’re incredibly excited to extend our offering to the Healthcare, Professional Services, and Food & Drink sectors and we look forward to working with organisations within them.”