New bank launched in city

The new Birmingham Bank is being launched following the acquisition of Bira Bank by Lee Bushell, the chairman of the Bushell Investment Group.

The acquisition was granted regulatory approval in late 2020 and this will be the first bank to be launched in the city bearing Birmingham’s name for over a century. From its Birmingham base, the bank aims to serve SME businesses in the Midlands and then throughout the UK.

Mr Bushell said: “This acquisition and investment is focused on providing a real banking alternative for Midlands businesses. As an entrepreneur, I understand the frustrations many businesses face when dealing with their bank. As we roll out the Birmingham Bank, we aim to simplify banking and focus on the underlying relationship between ourselves and our customers.

"In an age of FinTechs and large banks – we will sit squarely in the centre and use technology to make banking needs simpler – but use experienced people to make common sense-based decisions.”

West Midlands mayor, Andy Street, welcomed the new bank saying: “The launch of the new Birmingham Bank is a great boost for the region’s economy and will play an important role in supporting local business and enterprise. Small and medium-sized businesses are critical to our economy and jobs, and having this new bank embedded in the region will help provide them with the financial support that is crucial – now more than ever.”

Continuing the tradition of Bira Bank, customers will maintain one point of contact, emphasising the importance and unique value of relationship banking. Katrina Arnold, a long-standing and experienced banker, is excited to continue in her role as chairman of the bank as it expands to an icon of banking in the Midlands, and soon after across the nation.

Birmingham Bank works to support and represent independent businesses. Working with over 6,500 independent businesses of all sizes, it ensures every member of the bank is supported, informed, and inspired. Birmingham Bank is proud to support independent retail businesses in the UK, from local DIY stores to cafes and fashion retailers.