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Hampshire Trust Bank: Acquire Wesleyan Bank
BankingBusiness
Less than 1 min.Read

Hampshire Trust Bank: Acquire Wesleyan Bank

Laura M
By Laura M

Hampshire Trust Bank: Acquire Wesleyan Bank

  • Hampshire Trust Bank is a specialist bank, staffed by experts focused on helping UK businesses realize their ambitions
  • HTB agreed to acquire 100% of Wesleyan Bank Limited from Wesleyan Assurance Society, the financial services mutual
  • The deal is expected to complete during the coming months the combined business will be led by Matthew Wyles as CEO with Tim Blackwell as CFO
  • As part of the acquisition, 115 employees of Wesleyan Bank will transfer with the bank
  • HTB delivered a very strong trading performance during the first half of 2021 and we look to the future with great confidence
  • Seeking new ownership for the Bank provides positive outcomes for both businesses

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