Metro Bank opens its second store in three weeks in Essex

Metro Bank in ColchesterMetro Bank, an independent bank focused on providing the best in service and convenience to its customers has recently opened its 47th store in the country in Colchester. This is the second Metro Bank store opening in Essex in three weeks. Since opening their first store in central London six years ago, Metro Bank has expanded to having 47 stores across the UK mainly based in the South East.

INVEST Essex, Essex County Council’s inward investment team, has been working closely with Metro Bank on their choice of site in Colchester and introduced them to Colchester Borough Council to jointly deliver the project.

The revolutionary high street bank

Safe deposit boxesAs a firm supporter of Britain’s high streets, the bank prides itself on using its high street stores as community hubs, with each store hosting a range of events throughout the year to support local people and businesses, from SME networking sessions, to free financial education programme for children.

Unlike any other bank in the UK Metro Bank provides instant account opening along with on-the-spot card printing for lost or stolen credit or debit cards. All stores offer…

  • 7 day a week store banking 362 days of the year
  • Tailored business banking services including a full range of lending and cash management solutions
  • Safe deposit boxes for customers’ valuables
  • Free coin counting for customers and non-customers alike
  • Free card transactions and cash withdrawals in 35 Europe countries

In another first customers and employees at Metro Bank can also describe their gender as non-binary and use the title Mx instead of Mr, Mrs, Miss, or Ms when signing up to a new account.

Metro Bank’s expansion

Metro bank in ColchesterThe award-winning bank, which became the first new retail bank company to open up in Britain for 150 years in 2010, currently has five stores in Essex and has an ambitious expansion plan in the county and nationwide. Metro Bank continues to attract new customers by providing the opportunity to use bank services in store, online, over the phone or through an app. The bank is planning to open up to 12 new stores throughout the UK next year and over 50 more by 2020.

Named ‘Bank of the Year’ at the CityAM Awards 2016, for the second time since its inception, Metro Bank has grown to over £6b in assets with over 2,500 team members and a market value of over £1b.

The independent panel of leading business and financial experts praised Metro Bank for its highly awaited listing on the London Stock Exchange earlier this year as well as its fast growth and success.

“Just over six years on from our launch we remain as committed as ever to creating a true banking alternative by providing exceptional levels of service and convenience. Our thanks must go to our growing number of customers who continue to vote with their feet and support us as we revolutionise British banking.”

Craig Donaldson, CEO, Metro Bank

About INVEST Essex

INVEST Essex promotes Essex as a prime UK business solution location to international and UK companies. Delivering a ‘total solution’ that can guide and support businesses through every stage of a business relocation or expansion project.

See here for more information on INVEST Essex.

 

Sources [Metro Bank] [Business Insider] [BBC Business] [PWC]

Corinne Hearne
Corinne Hearne

Inward Investment Manager (London-Essex UK Finance Corridor)

+44 (0) 7702 900667

Biography

With over 25 years’ experience in the Financial Services and Global Relocation industries, Corinne has developed an extensive, specialist, commercial network and has successfully supported projects focused on the strategic development and growth of both overseas and UK companies in business, professional and financial services sectors.