Handelsbanken, the relationship bank for local businesses and individuals, has announced the formation of a fifth UK regional bank.
The move will result in closer, on-the-ground support for its growing branch banking operations across Yorkshire and the North East.
Around 32 of the bank’s 177 present UK branches, including Handelsbanken Halifax will form the new Yorkshire and North East UK Regional Bank, due to open on January 1, 2015, with a regional head office to be located in Leeds.
The Halifax branch, which opened in 2010 and is located in Clare Road, has already developed a reputation for traditional banking, financial strength and high standards within the local business and professional services community.
Branch manager, Angela Dowd, said: “This new region is a natural result of a growing branch network, itself driven by customer demand and which has mirrored the steady growth we have seen in Halifax, in the four years we have been open.
“In Handelsbanken, the branch is the bank. We make all the everyday decisions that matter to our customers and now we will have closer operational support to serve them even better.”
Branches are responsible for making all day-to-day banking decisions based solely on their customers’ requirements, free from product and lending targets or bonus incentives.
Simon Lodge, who will become Head of Handelsbanken’s Yorkshire & North East UK Regional Bank said: “It is the warmth of response from customers and local professionals, coupled with the economic potential we see in communities across Yorkshire and the North East, which has encouraged us to set up our fifth UK regional bank, with its head office to be located in Leeds.”