Secure Trust Bank PLC Directorate Change (9747Q)
24 Giugno 2020 - 5:25PM
UK Regulatory
TIDMSTB
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: 0121 693 9100
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 GBP2,450.1 million, customer deposits totalled
GBP2,020.3 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.
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END
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