x
By using this website, you agree to our use of cookies to enhance your experience.
Written by rosalind renshaw

Whiteaway Laidlaw Bank (WLB) has acquired the new business platform from Commercial First Mortgages, a specialist commercial mortgage lender.

Under the terms of the transaction WLB has acquired origination systems, sales and new business teams and other infrastructure. Financial terms of the transaction have not been disclosed.

Based in Manchester, WLB provides personal and corporate banking services to its customers across the north of England and midlands.

The bank was recently acquired by RBS Equity Finance which has invested significant additional capital to support the growth of the business.

WLB offers a range of deposit products to UK savers, as well as providing secured lending to both consumers and SMEs.

Commercial First will continue to service its existing customers and has no immediate plans to return to new lending. 

WLB will provide term lending to SMEs, and distribute its products through the intermediary market.

Comments

MovePal MovePal MovePal