Metro Bank gets go-ahead to join high street battle
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Metro Bank has finally obtained a banking licence from the Financial Services Authority after initially applying in early 2008.
The company says it will be the first bank to open on high streets for more than 150 years. Metro Bank branches will be open seven days a week and the first two are scheduled to open in London in Q2 2010.
Metro Bank’s non-executive directors include Stuart Bernau, former retail director at Nationwide, and Keith Carby, former chief executive of Openwork.
Anthony Thomson, chairman of Metro Bank, says: “We are entering a new era for banking where service is key and lending is deposit-based.”
