A bank that’s driven to
understand the needs
of its customers.

About United Trust Bank

UTB is led by an astute and knowledgeable senior management team with many decades of experience. We provide quick, bespoke and flexible funding solutions to borrowers in a wide range of circumstances funded by a range of competitive deposit accounts and ISAs to UK retail and corporate savers.

Establishing strong relationships with our broker partners is fundamental to the continued success of our lending businesses. We never underestimate the important role brokers play in acting as counsel to their clients and we strive to add value by providing outstanding service and building relationships for the long term.

Our savers look for great service and accounts which make their money work harder, all the time benefitting from the protection and peace of mind provided by the Financial Services Compensation Scheme (FSCS).

United Trust Bank (UTB) was incorporated in England in 1955 and established itself as a specialist lender, mainly providing development finance to SME housebuilders as they tackled the post-war housing shortage.

In 2001 the Bank was acquired by an Anglo-Dutch bank, Insinger de Beaufort. This acquisition was led by Graham Davin and Harley Kagan, who are currently the Deputy Chairman and the CEO of UTB respectively.

In 2004 Graham, Harley and Roger Tidyman led a management buy-out of the Bank, taking it into private ownership and reinstating its original name, United Trust Bank. UTB had a loan book of £10m at that time.

And so began UTB’s modern era as an independent specialist bank. The new owners set about updating, expanding and diversifying the Bank’s operations, transforming UTB into a thriving and highly regarded specialist bank which by December 2023 had a loan book in excess of £3.1bn. Below are some of the highlights of our story since 2001.

Our history

United Trust Bank has a strong track record of successful innovation and growth.

2001

On behalf of Bank Insinger de Beaufort, Graham Davin and Harley Kagan acquire UTB

2004

Graham Davin, Harley Kagan and Roger Tidyman lead a management buy-out
Graham becomes Chief Executive Officer, Harley becomes Finance Director and Roger becomes Managing Director
Original United Trust Bank name is restored

2006

Further development of the brand, infrastructure, savings account and development finance offerings

2008

With careful navigation UTB continues to lend through the global Credit Crisis

2010 & 2011

Expansion of the Development Finance team

Launch of Bridging Finance

Launch of Asset Finance

2012

Expansion of the Asset Finance team and offering

2013 & 2014

Further investment in IT infrastructure
Senior appointments made in Sales and Risk
Increase in brand marketing activity
Launch of online Deposits Portal

2015

Elvis the Eagle Owl introduced as the Bank’s marketing and brand mascot
Requiring more space, UTB moves to new offices in CityPoint, Moorgate

Launch of Second Charge Mortgages

2016

Joined Bank of England ‘Funding for Lending Scheme’
UTB ranked 25th in the Sunday Times Profit Track 100 list of the fastest growing private companies
UTB named ‘Specialist Bank of the Year’ at the Bridging & Commercial Awards

Launch of Structured Finance

2017

Launch of ENABLE Guarantee with British Business Bank
Roger Tidyman retires as Executive Director

2018

UTB named ‘Specialist Bank of the Year’ for the second time at the Bridging & Commercial Awards
UTB deposits products offered through Hargreaves Lansdown’s Active Savings platform
Loan book surpasses £1bn

2019

Launch of internet banking for Deposit customers
Remortgage and First Time Buyer Mortgages launched
Launch of facial recognition technology for mortgage customer ID checks
UTB named ‘Specialist Bank of the Year’ for the third time at the B&C Awards

Launch of First Charge Mortgages

2020

UTB continues to lend and operate through the Covid-19 crisis despite over 90% of staff working from home
UTB becomes an accredited Coronavirus Business Interruption Loan Scheme (CBILS) provider
UTB originates a record £1.3bn of new loans in 2020

2021

Graham Davin retires as CEO and becomes non-executive Deputy Chair
Harley Kagan succeeds Graham as CEO
Launch of £250m Housing Accelerator Fund in association with Homes England
Total assets exceed £2bn

2022

Launch of a new Asset Finance core IT platform
Launch of Buy-To-Let Mortgages
Embedded Hybrid Working with new technology rollout
Deposit balances pass the £2bn milestone

2023

Launch of Deposit Solutions, a tailored relationship based proposition for depositors with larger balances
Entered the Block Discounting specialist lending market
Loan book pass £3bn milestone

Financial information

UTB operates within the UK and its primary activity is the provision of a range of secured funding facilities for individuals and businesses and fixed and notice deposit accounts for individuals, businesses and charities

Awards

We are delighted that United Trust Bank’s dedication to excellent service and innovative products has been recognised with some of the UK’s most prestigious awards

Our awards

Careers

UTB offers a fast-paced, inclusive and committed environment, an opportunity to work with friendly, diverse and passionate people and the chance to learn from the very best in the business

Find out more

Environmental and social governance

Although our activities have limited direct impact on the environment, we are aware of the important role businesses can play in society and protecting our planet.

Corporate governance

Our corporate governance ensures that we maintain an environment of trust, transparency and accountability and protects the interest of all stakeholders

Regulatory information

United Trust Bank 2s2 is registered in England and Wales, registration number 549690, registered office at One Ropemaker Street, London, EC2Y 9AW, England