Whiteaway Laidlaw Bank Latest News

31st January 2011 The Special Opportunities Fund of RBS Equity Finance today completed the acquisition of Whiteaway Laidlaw Bank (‘WLB’) from The Manchester Building Society, following regulatory approval from the Financial Services Authority. Financial terms of the

transaction have not been disclosed.

Whiteaway Laidlaw Bank Profile

31.01.2011 RBS Special Opportunities Fund has invested significant additional capital which will be used to support the growth of the business. Whiteaway Laidlaw Bank will continue to offer market-leading deposit products to UK savers and provide secured and unsecured lending to both consumers and SMEs.

Also announced today is the appointment of Owen Woodley as CEO. Owen has significant experience of the UK financial services sector, most recently as Deputy CEO of Secure Trust Bank. Owen will be supported by a strong team of Non-Executive Directors, including Sir George Mathewson (Chairman of Stagecoach, former CEO and

Chairman of RBS) as Chairman, Sir Brian Ivory (a former HBOS Board member), David Anthony (former CEO of Hitachi Capital UK and former Non-Executive Director of Secure Trust Bank) and Graham Alcock (an existing Non-Executive Director of WLB).

Established 1971
Head Office
Whiteaway Laidlaw Bank Limited
Queens Court
24 Queens Street
M2 5AH
Tel 0161 833 5444
email info@wlbank.co.uk

Whiteaway Laidlaw Bank was a fully owned subsidiary of Manchester Building Society until January 2011.
Whiteaway Laidlaw offers Business Banking and Personal Banking. Personal Banking includes current accounts and savings accounts with the savings accounts including 45,60 and 90 day notice accounts, fixed term deposit and instant access savings accounts.

Whiteaway Laidlaw Bank Limited is Authorised and Regulated by the Financial Services Authority. Registration No. 204574

whiteaway laidlaw bank savings accounts