Airdrie Savings Banks to open new Falkirk branch

Airdrie Savings bank exterior Airdrie Savings Bank currently has seven branches across Lanarkshire

Related Stories

The UK's last remaining independent bank has announced it is to open a new branch in Falkirk.

The Airdrie Savings Bank is expanding out of its Lanarkshire homeland for the first time in its 175 year history.

Earlier this year the bank announced record lending figures.

The move is the first stage of an expansion plan being supported by a group of key Scottish business figures who deposited £10m into the bank last August.

The group includes Brian Souter, Ann Gloag, Ewan Brown, Alastair Salvesen and Sir Tom Farmer.

The new branch in Falkirk's High Street is due to open in September and will create five new jobs for the town.

Start Quote

This is an historic moment for the bank and I am delighted to see they are taking their traditional banking approach to another part of Scotland”

End Quote Brian Souter Scottish businessman

Bob Boyle, president of Airdrie Savings Bank, said: "This is a very important step forward for the bank and the beginning of what we believe will be an exciting period of expansion for Airdrie Savings Bank.

"We have chosen Falkirk because the town offers similar demographics to our existing business, has a robust business sector and draws from a different catchment area.

"It is also close enough to our current operations without conflicting in any way to make the launch and day to day running very manageable."

He added: "We look forward to attracting considerable interest from personal and business customers seeking a traditional approach to banking."

Supporting the bank's expansion Brian Souter said: "This is an historic moment for the bank and I am delighted to see they are taking their traditional banking approach to another part of Scotland."

Airdrie Savings Bank currently has seven branches across Lanarkshire and employs almost 100 people.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

BBC Glasgow & West

Weather

Glasgow

17 °C 9 °C

Features

  • FlagsNational identity

    After the referendum, have two Scotlands emerged?


  • Two sphinxes guarding the entrance to the tombTomb mystery

    Secrets of ancient burial site keep Greeks guessing


  • Tattooed person using tabletRogue ink

    People who lost their jobs because of their tattoos


  • Two people holding up the newly discovered head of Mithras, 1954Roman puzzle

    How to put London's mysterious underground temple back together


  • Deepika PadukoneBeauty and a tweet

    Bollywood cleavage row shows India's 'crass' side


BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.