North West Mutual Bank submits formal banking licence application
A formal banking licence application has been submitted with the Bank of England in a major step towards North West Mutual Bank opening its head office in Preston, supported by the city council.
The local authority has pledged up to £1m in support for the cooperative society behind pioneering plans for a mutual bank serving retail and business customers in the North West of England.
The bank’s ambition is to establish the UK’s first regional co-operative bank, offering a genuine alternative to a corporate banking landscape ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
