Directorate Change

RNS Number : 9747Q

Secure Trust Bank PLC

24 June 2020

 

PRESS RELEASE

Secure Trust Bank PLC

LEI: 213800CXIBLC2TMIGI76

24 June 2020

For immediate release

SECURE TRUST BANK PLC

Directorate Change

Following the announcement on 17 December 2019, Secure Trust Bank PLC ('STB' or 'the Group') announces that following the ninth anniversary in his role Paul Marrow, Non-Executive Director and Senior Independent Director ("SID"), has stood down as a Director of the Company following the AGM held today.  

STB further announces that Mrs Ann Berresford has been appointed as Senior Independent Director with effect from the close of the AGM.

‐ENDS-

Enquiries:

Secure Trust Bank PLC

Paul Lynam, Chief Executive Officer

Tel: [phone]

About the Company:

Secure Trust Bank is an established, well‐funded and capitalised UK retail bank with a 68 year trading track record. Secure Trust Bank operates principally from its head office in Solihull, West Midlands, and had 1,017 employees (full‐ time equivalent) as at 31 December 2019. The Group's diversified lending portfolio currently focuses on two sectors:

(i)  Business Finance through its Real Estate Finance, Asset Finance and Commercial Finance divisions,

(ii)  Consumer Finance through its Motor Finance, Retail Finance, Debt Management and Consumer Mortgages divisions

As at 31 December 2019 the Group's loans and advances to customers totalled £2,450.1 million, customer deposits totalled £2,020.3 million and the Group's total customer base was well over 1.5 million.

Secure Trust Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Secure Trust Bank, PLC, One Arleston Way, Solihull, B90 4LH.

Regulatory Notes

Remuneration arrangements for Paul Marrow

Paul Marrow will be treated in accordance with the STB's approved Directors' Remuneration Policy.  Full details will be disclosed on the STB website in due course in compliance with Section 430(2B) of the Companies Act 2006 and in the Directors' Remuneration Report within the Company's Annual Report and Accounts for the year ending 31 December 2020, and subsequent years, as appropriate. 

 

END

 

 

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