Aldermore: Difference between revisions

Aldermore Bank plc
Formerly	Lordsvale Finance plc (1969–1996); Ruffler Bank plc (1996–2009);
Company type	Public
Traded as	LSE: ALD; FTSE 250 Component
Industry	Finance
Founded	2009
Headquarters	Reading, Berkshire
Key people	Pat Butler (Chairman); Steven Cooper (CEO)
Products	Financial services
Revenue	£358.2 million (2016)
Operating income	£144.2 million (2016)
Net income	£93.5 million (2016)
Parent	FirstRand
Website	aldermore.co.uk

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Aldermore Bank plc is a retail bank which provides financial services to small and medium-sized businesses and personal customers. It was founded in 2009 and listed on the London Stock Exchange in March 2015. It was a constituent of the FTSE 250 Index until it was acquired by South African banking conglomerate FirstRand in March 2018.

History

Aldermore was established with backing from private equity company, AnaCap Financial Partners LLP, in early 2009.^[3]

The acquisition of Ruffler Bank in May 2009 provided Aldermore with its banking licence and an asset finance business which was combined with the commercial mortgage business of Base Commercial Mortgages, a small mothballed operation.^[4]

AnaCap purchased Cattles Invoice Finance, a factoring business, from Cattles PLC in 2009, and in 2010 the division became part of Aldermore.^[5]

It raised £62 million of further investment from a consortium of funds managed by Goldman Sachs Asset Management, Honeywell Capital Management, and the Ohio Public Employees Retirement System in August 2011^[6] and it received an additional capital investment from Centerbridge Partners when it issued a £36 million subordinated bond in May 2012.^[7]

In 2012 the bank reached its first full year of profits in its third year of operations.^[8]

Aldermore was recognised as a challenger bank by the media,^[9] and launched a successful initial public offering in March 2015,^[3] with an opening market capitalisation of approximately £651 million.^[10]

In October 2017 it was announced that Aldermore had agreed to be acquired by South African banking conglomerate FirstRand. The deal valued Aldermore at £1.1bn.^[11]

Operations

Aldermore provides financial services to small and medium-sized businesses as well as personal customers.^[12] Its services include retail and business savings and asset and invoice finance, as well as commercial and residential mortgages.^[13]

The bank offers lending across the following areas: asset finance, invoice finance, SME commercial mortgages, buy-to-let mortgages and residential mortgages.^[14] Its lending activity is largely funded by the deposits it receives from business and personal savers.^[15]

Aldermore has no branch network but serves customers and intermediary partners online, by phone and face to face through its regional offices. It was also the first bank to offer this service and publishes this customer feedback unedited on its website.^[16]

The company's board has been chaired by Pat Butler since January 2018.^[17] Non-executive directors are Richard Banks, John Hitchens, Harry Kellan, Alan Pullinger, Cathy Turner, Romy Murray, Nicolina Andall and Ruth Handcock.^[18]

Affiliations

Aldermore is the sponsor of the National Association of Commercial Finance Brokers (NACFB),^[19] and a member of the Council of Mortgage Lenders.^[20] Aldermore is a member of the following bodies: the British Bankers' Association,^[21] the Finance and Leasing Association,^[22] the Asset Based Finance Association,^[23] the Council of Mortgage Lenders^[24] and the Intermediary Mortgage Lenders Association.^[25]

References

^ "Aldermore Bank plc overview - Find and update company information - GOV.UK". Companies House. 10 February 1969. Retrieved 11 February 2024.
^ ^a ^b ^c "Annual Results 2016" (PDF). Aldermore. Retrieved 14 March 2017.
^ ^a ^b "Aldermore: How the bank formed in the depths of the crisis found success". The Telegraph. 15 March 2015. Retrieved 13 June 2015.
^ Cave, Andrew (30 July 2011). "Aldermore - a bank that loves to lend". The Daily Telegraph. Retrieved 29 April 2015.
^ "Cattles Invoice Finance rebranded for the second time in a year". Business Zone. 6 September 2010. Archived from the original on 26 February 2017. Retrieved 25 February 2017.
^ "Goldman Sachs takes Aldermore stake". The Telegraph. 24 September 2011. Retrieved 13 June 2015.
^ "Boost for new bank Aldermore as it clinches £36m fundraising". City AM. 14 May 2012. Retrieved 13 June 2015.
^ Croucher, Shane (31 July 2013). "Challenger Bank Aldermore Boosts SME and Consumer Lending by 60%". International Business Times. Retrieved 15 October 2015.
^ Grice, Andrew (12 September 2012). "Cable and Osborne on a Collision Course Over Small-Business Bank". London: The Independent (UK). Archived from the original on 12 September 2012. Retrieved 21 January 2013.
^ Partington, Richard (10 March 2015). "Aldermore Raises $340 Million in London Initial Public Offering". Bloomberg L.P. Retrieved 1 May 2015.
^ "Aldermore agrees takeover by South Africa's FirstRand - BBC News". Bbc.co.uk. 6 November 2017. Retrieved 13 January 2018.
^ Hurley, James (6 May 2012). "Aldermore - A Dads Army Bank For SMEs". London: The Telegraph. Retrieved 21 January 2013.
^ "Our History". Aldermore Bank PLC. Retrieved 21 January 2013.
^ Leggett, Joseph (24 February 2023). "Aldermore Business Banking Explained – Savings, Fees & Reviews". Business Financed. Retrieved 27 February 2023.
^ Hurley, James (6 May 2012). "Aldermore - A Dads Army Bank For SMEs". The Telegraph. Retrieved 3 February 2017.
^ "Intro – Aldermore Bank Reviews". Advisory HQ. 9 May 2016. Retrieved 3 February 2017.
^ "Board of Directors | Aldermore". www.investors.aldermore.co.uk. Retrieved 15 September 2022.
^ "Board of Directors | Aldermore". www.investors.aldermore.co.uk. Retrieved 15 September 2022.
^ "NACFB - Working with Lenders". NACFB. Archived from the original on 24 October 2012. Retrieved 16 October 2012.
^ "Directory of Members and Associates". Council of Mortgage Lenders. Archived from the original on 24 October 2012. Retrieved 16 October 2012.
^ BBA Members. Retrieved 14 February 2017
^ Directory Archived 2017-02-15 at the Wayback Machine. Retrieved 14 February 2017.
^ List of Members Archived 2017-02-15 at the Wayback Machine. Retrieved 14 February 2017.
^ Directory of members Archived 2017-02-15 at the Wayback Machine. Retrieved 14 February 2017.
^ Members list. Retrieved 14 February 2017.

External links

Official website

[CompaniesHouse-1] "Aldermore Bank plc overview - Find and update company information - GOV.UK". Companies House. 10 February 1969. Retrieved 11 February 2024.

[prelims-2] "Annual Results 2016" (PDF). Aldermore. Retrieved 14 March 2017.

[ipo-3] "Aldermore: How the bank formed in the depths of the crisis found success". The Telegraph. 15 March 2015. Retrieved 13 June 2015.

[4] Cave, Andrew (30 July 2011). "Aldermore - a bank that loves to lend". The Daily Telegraph. Retrieved 29 April 2015.

[5] "Cattles Invoice Finance rebranded for the second time in a year". Business Zone. 6 September 2010. Archived from the original on 26 February 2017. Retrieved 25 February 2017.

[6] "Goldman Sachs takes Aldermore stake". The Telegraph. 24 September 2011. Retrieved 13 June 2015.

[7] "Boost for new bank Aldermore as it clinches £36m fundraising". City AM. 14 May 2012. Retrieved 13 June 2015.

[8] Croucher, Shane (31 July 2013). "Challenger Bank Aldermore Boosts SME and Consumer Lending by 60%". International Business Times. Retrieved 15 October 2015.

[9] Grice, Andrew (12 September 2012). "Cable and Osborne on a Collision Course Over Small-Business Bank". London: The Independent (UK). Archived from the original on 12 September 2012. Retrieved 21 January 2013.

[10] Partington, Richard (10 March 2015). "Aldermore Raises $340 Million in London Initial Public Offering". Bloomberg L.P. Retrieved 1 May 2015.

[11] "Aldermore agrees takeover by South Africa's FirstRand - BBC News". Bbc.co.uk. 6 November 2017. Retrieved 13 January 2018.

[12] Hurley, James (6 May 2012). "Aldermore - A Dads Army Bank For SMEs". London: The Telegraph. Retrieved 21 January 2013.

[13] "Our History". Aldermore Bank PLC. Retrieved 21 January 2013.

[14] Leggett, Joseph (24 February 2023). "Aldermore Business Banking Explained – Savings, Fees & Reviews". Business Financed. Retrieved 27 February 2023.

[15] Hurley, James (6 May 2012). "Aldermore - A Dads Army Bank For SMEs". The Telegraph. Retrieved 3 February 2017.

[16] "Intro – Aldermore Bank Reviews". Advisory HQ. 9 May 2016. Retrieved 3 February 2017.

[17] "Board of Directors | Aldermore". www.investors.aldermore.co.uk. Retrieved 15 September 2022.

[18] "Board of Directors | Aldermore". www.investors.aldermore.co.uk. Retrieved 15 September 2022.

[19] "NACFB - Working with Lenders". NACFB. Archived from the original on 24 October 2012. Retrieved 16 October 2012.

[20] "Directory of Members and Associates". Council of Mortgage Lenders. Archived from the original on 24 October 2012. Retrieved 16 October 2012.

[21] BBA Members. Retrieved 14 February 2017

[22] Directory Archived 2017-02-15 at the Wayback Machine. Retrieved 14 February 2017.

[23] List of Members Archived 2017-02-15 at the Wayback Machine. Retrieved 14 February 2017.

[24] Directory of members Archived 2017-02-15 at the Wayback Machine. Retrieved 14 February 2017.

[25] Members list. Retrieved 14 February 2017.

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@@ Line 1: / Line 1: @@
+{{Use dmy dates|date=April 2022}}
 {{Infobox company
-|name          = Aldermore Bank plc
+| name = Aldermore Bank plc
-|logo          = Aldermore.png
+| logo = Aldermore.svg
+| former_name = {{Ubl
-|type          = [[Public company|Public]]
+| Lordsvale Finance plc (1969{{endash}}1996)
-|traded_as     = {{LSE|ALD}}<br>[[FTSE 250 Index|FTSE 250 Component]]
+| Ruffler Bank plc (1996{{endash}}2009)<ref name="CompaniesHouse">{{Cite web |date=1969-02-10 |title=Aldermore Bank plc overview - Find and update company information - GOV.UK |url=https://find-and-update.company-information.service.gov.uk/company/00947662 |access-date=2024-02-11 |website=[[Companies House]] |language=en}}</ref>
-|foundation    = 2009
+}}
-| location     = [[Reading, Berkshire]]
+| type = [[Public company|Public]]
-|key_people    = Danuta Gray (Interim [[Chairman]])<br>Phillip Monks ([[CEO]])
+| traded_as = {{LSE|ALD}}<br>[[FTSE 250 Index|FTSE 250 Component]]
-|industry      = [[Finance]]
+| foundation = 2009
-|products      = [[Financial services]]
+| location = [[Reading, Berkshire]]
-| revenue = [[Pound sterling|£]]358.2 million (2016)<ref name=prelims>{{cite web |url=http://www.investors.aldermore.co.uk/system/files/uploads/financialdocs/aldermore_group_plc_fy_2016_press_release-v1.pdf|title=Annual Results 2016|publisher=Aldermore|accessdate=14 March 2017}}</ref>
+| key_people = Pat Butler ([[Chairman]])<br>Steven Cooper ([[CEO]])
+| industry = [[Finance]]
+| products = [[Financial services]]
+| revenue = [[Pound sterling|£]]358.2 million (2016)<ref name=prelims>{{cite web |url=http://www.investors.aldermore.co.uk/system/files/uploads/financialdocs/aldermore_group_plc_fy_2016_press_release-v1.pdf|title=Annual Results 2016|publisher=Aldermore|access-date=14 March 2017}}</ref>
 | operating_income = [[Pound sterling|£]]144.2 million (2016)<ref name=prelims/>
 | net_income = [[Pound sterling|£]]93.5 million (2016)<ref name=prelims/>
-|num_employees =
+| num_employees =
-|subsid        =
+| subsid =
+| parent = [[FirstRand]]
-|homepage      = {{url|http://www.aldermore.co.uk/}}
+| homepage = {{url|https://aldermore.co.uk/}}
-|footnotes =
+| footnotes =
 }}
-'''Aldermore Bank''' is a retail bank which provides financial services to small and medium-sized businesses. It was founded in 2009 and listed on the [[London Stock Exchange]] in March 2015. It was a constituent of the [[FTSE 250 Index]] until it was acquired by South African banking conglomerate [[First Rand]] in March 2018.
+'''Aldermore Bank plc''' is a retail bank which provides financial services to small and medium-sized businesses and personal customers. It was founded in 2009 and listed on the [[London Stock Exchange]] in March 2015. It was a constituent of the [[FTSE 250 Index]] until it was acquired by South African banking conglomerate [[FirstRand]] in March 2018.
 == History ==
-Aldermore was established with backing from [[private equity]] company, [[AnaCap Financial Partners|AnaCap Financial Partners LLP]], in early 2009.<ref name=ipo>{{cite web|url=http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/11473636/Aldermore-How-the-bank-formed-in-the-depths-of-the-crisis-found-success.html|title=Aldermore: How the bank formed in the depths of the crisis found success|publisher=The Telegraph|date=15 March 2015|accessdate=13 June 2015}}</ref>
+Aldermore was established with backing from [[private equity]] company, [[AnaCap Financial Partners|AnaCap Financial Partners LLP]], in early 2009.<ref name=ipo>{{cite web|url=https://www.telegraph.co.uk/finance/newsbysector/banksandfinance/11473636/Aldermore-How-the-bank-formed-in-the-depths-of-the-crisis-found-success.html|title=Aldermore: How the bank formed in the depths of the crisis found success|publisher=The Telegraph|date=15 March 2015|access-date=13 June 2015}}</ref>
-The acquisition of Ruffler Bank in May 2009 provided Aldermore with its banking licence and an asset finance business which was combined with the commercial mortgage business of Base Commercial Mortgages, a small mothballed operation.<ref>{{cite web|last=Cave|first=Andrew |date=30 July 2011|url=http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8672845/Aldermore-a-bank-that-loves-to-lend.html |title=Aldermore - a bank that loves to lend|publisher= The Daily Telegraph|accessdate= 29 April 2015}}</ref>
+The acquisition of Ruffler Bank in May 2009 provided Aldermore with its banking licence and an asset finance business which was combined with the commercial mortgage business of Base Commercial Mortgages, a small mothballed operation.<ref>{{cite web|last=Cave|first=Andrew |date=30 July 2011|url=https://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8672845/Aldermore-a-bank-that-loves-to-lend.html |title=Aldermore - a bank that loves to lend|publisher= The Daily Telegraph|access-date= 29 April 2015}}</ref>
-AnaCap purchased Cattles Invoice Finance, a [[Factoring (finance)|factoring]] business, from [[Cattles]] PLC in 2009, and in 2010 the division became part of Aldermore.<ref>{{cite news|title=Cattles Invoice Finance rebranded for the second time in a year|url=http://www.businesszone.co.uk/community-voice/blogs/factoringfinance/cattles-invoice-finance-rebranded-for-the-second-time-in-a|accessdate=25 February 2017|work=Business Zone|date=6 September 2010}}</ref>
+AnaCap purchased Cattles Invoice Finance, a [[Factoring (finance)|factoring]] business, from [[Cattles]] PLC in 2009, and in 2010 the division became part of Aldermore.<ref>{{cite news|title=Cattles Invoice Finance rebranded for the second time in a year|url=http://www.businesszone.co.uk/community-voice/blogs/factoringfinance/cattles-invoice-finance-rebranded-for-the-second-time-in-a|access-date=25 February 2017|work=Business Zone|date=6 September 2010|archive-url=https://web.archive.org/web/20170226130744/http://www.businesszone.co.uk/community-voice/blogs/factoringfinance/cattles-invoice-finance-rebranded-for-the-second-time-in-a|archive-date=26 February 2017|url-status=dead}}</ref>
-It raised £62 million of further investment from a consortium of funds managed by [[Goldman Sachs|Goldman Sachs Asset Management]], [[Honeywell|Honeywell Capital Management]], and the Ohio Public Employees Retirement System in August 2011<ref>{{cite web|url=http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8787112/Goldman-Sachs-takes-Aldermore-stake.html|title=Goldman Sachs takes Aldermore stake|publisher=The Telegraph|date=24 September 2011|accessdate=13 June 2015}}</ref> and it received an additional capital investment from [[Centerbridge Partners]] when it issued a £36 million subordinated bond in May 2012.<ref>{{cite web|url=http://www.cityam.com/article/boost-new-bank-aldermore-it-clinches-36m-fundraising|title=Boost for new bank Aldermore as it clinches £36m fundraising|publisher=City AM|date=14 May 2012|accessdate=13 June 2015}}</ref>
+It raised £62 million of further investment from a consortium of funds managed by [[Goldman Sachs|Goldman Sachs Asset Management]], [[Honeywell|Honeywell Capital Management]], and the Ohio Public Employees Retirement System in August 2011<ref>{{cite web|url=https://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8787112/Goldman-Sachs-takes-Aldermore-stake.html|title=Goldman Sachs takes Aldermore stake|publisher=The Telegraph|date=24 September 2011|access-date=13 June 2015}}</ref> and it received an additional capital investment from [[Centerbridge Partners]] when it issued a £36 million subordinated bond in May 2012.<ref>{{cite web|url=http://www.cityam.com/article/boost-new-bank-aldermore-it-clinches-36m-fundraising|title=Boost for new bank Aldermore as it clinches £36m fundraising|publisher=City AM|date=14 May 2012|access-date=13 June 2015}}</ref>
-In 2012 the bank reached its first full year of profits in its third year of operations.<ref>{{cite web|last=Croucher|first=Shane|url=http://www.ibtimes.co.uk/aldermore-bank-sme-lending-mortgages-fls-finance-495857|title=Challenger Bank Aldermore Boosts SME and Consumer Lending by 60%|publisher= International Business Times|date=31 July 2013|accessdate=15 October 2015}}</ref>
+In 2012 the bank reached its first full year of profits in its third year of operations.<ref>{{cite web|last=Croucher|first=Shane|url=http://www.ibtimes.co.uk/aldermore-bank-sme-lending-mortgages-fls-finance-495857|title=Challenger Bank Aldermore Boosts SME and Consumer Lending by 60%|publisher= International Business Times|date=31 July 2013|access-date=15 October 2015}}</ref>
-Aldermore was recognised as a [[challenger bank]] by the media,<ref>{{cite news|last=Grice|first=Andrew|title=Cable and Osborne on a Collision Course Over Small-Business Bank|url=https://www.independent.co.uk/news/uk/politics/cable-and-osborne-on-a-collision-course-over-smallbusiness-bank-8126239.html|publisher=The Independent (UK)|accessdate=21 January 2013|location=London|date=12 September 2012}}</ref> and launched a successful [[initial public offering]] in March 2015,<ref name=ipo/> with an opening market capitalisation of approximately £651 million.<ref>{{cite web|last=Partington|first=Richard|date=10 March 2015|url=https://www.bloomberg.com/news/articles/2015-03-10/aldermore-raises-340-million-in-london-initial-public-offering |title=Aldermore Raises $340 Million in London Initial Public Offering|publisher=Bloomberg L.P.|accessdate=1 May 2015}}</ref>
+Aldermore was recognised as a [[challenger bank]] by the media,<ref>{{cite news|last=Grice|first=Andrew|title=Cable and Osborne on a Collision Course Over Small-Business Bank|url=https://www.independent.co.uk/news/uk/politics/cable-and-osborne-on-a-collision-course-over-smallbusiness-bank-8126239.html |archive-url=https://web.archive.org/web/20120912205235/http://www.independent.co.uk/news/uk/politics/cable-and-osborne-on-a-collision-course-over-smallbusiness-bank-8126239.html |archive-date=2012-09-12 |url-access=limited |url-status=live|publisher=The Independent (UK)|access-date=21 January 2013|location=London|date=12 September 2012}}</ref> and launched a successful [[initial public offering]] in March 2015,<ref name=ipo/> with an opening market capitalisation of approximately £651 million.<ref>{{cite web|last=Partington|first=Richard|date=10 March 2015|url=https://www.bloomberg.com/news/articles/2015-03-10/aldermore-raises-340-million-in-london-initial-public-offering |title=Aldermore Raises $340 Million in London Initial Public Offering|publisher=Bloomberg L.P.|access-date=1 May 2015}}</ref>
-In October 2017 it was announced that Aldermore had agreed to be acquired by South African banking conglomerate [[First Rand]]. The deal valued Aldermore at £1.1bn.<ref>{{cite web|url=http://www.bbc.co.uk/news/business-41886837 |title=Aldermore agrees takeover by South Africa's FirstRand - BBC News |publisher=Bbc.co.uk |date=2017-11-06 |accessdate=2018-01-13}}</ref>
+In October 2017 it was announced that Aldermore had agreed to be acquired by South African banking conglomerate [[FirstRand]]. The deal valued Aldermore at £1.1bn.<ref>{{cite web|url=https://www.bbc.co.uk/news/business-41886837 |title=Aldermore agrees takeover by South Africa's FirstRand - BBC News |publisher=Bbc.co.uk |date=2017-11-06 |access-date=2018-01-13}}</ref>
 ==Operations==
-Aldermore provides financial services to small and medium-sized businesses.<ref>{{cite news|last=Hurley|first=James|title=Aldermore - A Dads Army Bank For SMEs|url=http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9247941/Aldermore-a-Dads-Army-bank-for-SMEs.html|publisher=The Telegraph|accessdate=21 January 2013|location=London|date=6 May 2012}}</ref> Its services include retail and business savings and asset and invoice finance, as well as commercial and residential mortgages.<ref>{{cite web|title=Our History|url=http://www.aldermore.co.uk/about/who-we-are/our-history/|publisher=Aldermore Bank PLC|accessdate=21 January 2013}}</ref>
+Aldermore provides financial services to small and medium-sized businesses as well as personal customers.<ref>{{cite news|last=Hurley|first=James|title=Aldermore - A Dads Army Bank For SMEs|url=https://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9247941/Aldermore-a-Dads-Army-bank-for-SMEs.html|publisher=The Telegraph|access-date=21 January 2013|location=London|date=6 May 2012}}</ref> Its services include retail and business savings and asset and invoice finance, as well as commercial and residential mortgages.<ref>{{cite web|title=Our History|url=http://www.aldermore.co.uk/about/who-we-are/our-history/|publisher=Aldermore Bank PLC|access-date=21 January 2013}}</ref>
+The bank offers lending across the following areas: asset finance, invoice finance, [[Small and medium-sized enterprises|SME]] commercial mortgages, buy-to-let mortgages and residential mortgages.<ref>{{Cite web |last=Leggett |first=Joseph |date=2023-02-24 |title=Aldermore Business Banking Explained – Savings, Fees & Reviews |url=https://www.businessfinanced.co.uk/aldermore-bank/ |access-date=2023-02-27 |website=Business Financed |language=en-GB}}</ref> Its lending activity is largely funded by the deposits it receives from business and personal savers.<ref>{{cite web|url=https://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9247941/Aldermore-a-Dads-Army-bank-for-SMEs.html|title=Aldermore - A Dads Army Bank For SMEs|last=Hurley|first=James|date=6 May 2012|publisher=The Telegraph|access-date=3 February 2017}}</ref>
-The bank offers lending across the following areas: asset finance, invoice finance, [[Small and medium-sized enterprises|SME]] commercial mortgages, buy-to-let mortgages and residential mortgages. Its lending activity is largely funded by the deposits it receives from business and personal savers.<ref>{{cite web|url=http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9247941/Aldermore-a-Dads-Army-bank-for-SMEs.html|title=Aldermore - A Dads Army Bank For SMEs|last=Hurley|first=James|date=6 May 2012|publisher=The Telegraph|accessdate=3 February 2017}}</ref>
+Aldermore has no branch network but serves customers and intermediary partners online, by phone and face to face through its regional offices. It was also the first bank to offer this service and publishes this customer feedback unedited on its website.<ref>{{cite web|url=http://www.advisoryhq.com/articles/aldermore-bank-reviews/|title=Intro – Aldermore Bank Reviews|publisher=Advisory HQ|date=9 May 2016|access-date=3 February 2017}}</ref>
+The company's board has been chaired by Pat Butler since January 2018.<ref>{{Cite web |title=Board of Directors {{!}} Aldermore |url=https://www.investors.aldermore.co.uk/about-us/corporate-profile/board-directors |access-date=2022-09-15 |website=www.investors.aldermore.co.uk}}</ref> Non-executive directors are [[Richard Banks (banker)|Richard Banks]], John Hitchens, Harry Kellan, Alan Pullinger, Cathy Turner, Romy Murray, Nicolina Andall and Ruth Handcock.<ref>{{Cite web |title=Board of Directors {{!}} Aldermore |url=https://www.investors.aldermore.co.uk/about-us/corporate-profile/board-directors |access-date=2022-09-15 |website=www.investors.aldermore.co.uk}}</ref>
-Aldermore has no branch network but serves customers and intermediary partners online, by phone and face to face through its regional offices. It was also the first bank to offer this service and publishes this customer feedback unedited on its website.<ref>{{cite web|url=http://www.advisoryhq.com/articles/aldermore-bank-reviews/|title=Intro – Aldermore Bank Reviews|publisher=Advisory HQ|date=9 May 2016|accessdate=3 February 2017}}</ref>
 == Affiliations ==
-Aldermore is the sponsor of the National Association of Commercial Finance Brokers (NACFB),<ref>{{cite web|title=NACFB - Working with Lenders|url=http://www.nacfb.org/working_with_lenders.html|publisher=NACFB|accessdate=16 October 2012}}</ref> and  a member of the Council of Mortgage Lenders.<ref>{{cite web|title=Directory of Members and Associates|url=http://www.cml.org.uk/cml/membership/directory|publisher=Council of Mortgage Lenders|accessdate=16 October 2012}}</ref> Aldermore is a member of the following bodies: the [[British Bankers' Association]],<ref>[https://www.bba.org.uk/about-us/members/?letter=A BBA Members]. Retrieved 14 February 2017</ref> the [[Finance and Leasing Association]],<ref>[http://www.fla.org.uk/MembersAreaLive/directory/default.asp?dir=1 Directory]. Retrieved 14 February 2017.</ref> the Asset Based Finance Association,<ref>[https://www.abfa.org.uk/members/membersList.asp List of Members]. Retrieved 14 February 2017.</ref> the [[Council of Mortgage Lenders]]<ref>[https://www.cml.org.uk/about-us/our-members-and-associates/ Directory of members]. Retrieved 14 February 2017.</ref> and the Intermediary Mortgage Lenders Association.<ref>[http://www.imla.org.uk/Membership/Members-List/ Members list]. Retrieved 14 February 2017.</ref>
+Aldermore is the sponsor of the National Association of Commercial Finance Brokers (NACFB),<ref>{{cite web|title=NACFB - Working with Lenders|url=http://www.nacfb.org/working_with_lenders.html|publisher=NACFB|access-date=16 October 2012|archive-url=https://web.archive.org/web/20121024080735/http://www.nacfb.org/working_with_lenders.html|archive-date=24 October 2012|url-status=dead}}</ref> and  a member of the Council of Mortgage Lenders.<ref>{{cite web|title=Directory of Members and Associates|url=http://www.cml.org.uk/cml/membership/directory|publisher=Council of Mortgage Lenders|access-date=16 October 2012|archive-url=https://web.archive.org/web/20121024225948/http://www.cml.org.uk/cml/membership/directory|archive-date=24 October 2012|url-status=dead}}</ref> Aldermore is a member of the following bodies: the [[British Bankers' Association]],<ref>[https://www.bba.org.uk/about-us/members/?letter=A BBA Members]. Retrieved 14 February 2017</ref> the [[Finance and Leasing Association]],<ref>[http://www.fla.org.uk/MembersAreaLive/directory/default.asp?dir=1 Directory] {{Webarchive|url=https://web.archive.org/web/20170215130734/http://www.fla.org.uk/MembersAreaLive/directory/default.asp?dir=1 |date=2017-02-15 }}. Retrieved 14 February 2017.</ref> the Asset Based Finance Association,<ref>[https://www.abfa.org.uk/members/membersList.asp List of Members] {{Webarchive|url=https://web.archive.org/web/20170215123630/https://www.abfa.org.uk/members/membersList.asp |date=2017-02-15 }}. Retrieved 14 February 2017.</ref> the [[Council of Mortgage Lenders]]<ref>[https://www.cml.org.uk/about-us/our-members-and-associates/ Directory of members] {{Webarchive|url=https://web.archive.org/web/20170215122551/https://www.cml.org.uk/about-us/our-members-and-associates/ |date=2017-02-15 }}. Retrieved 14 February 2017.</ref> and the Intermediary Mortgage Lenders Association.<ref>[http://www.imla.org.uk/Membership/Members-List/ Members list]. Retrieved 14 February 2017.</ref>
 == References ==
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 == External links ==
+{{Portal|Banks}}
 * {{official website|http://www.aldermore.co.uk/}}
@@ Line 55: / Line 64: @@
 [[Category:Banks of the United Kingdom]]
+[[Category:British companies established in 2009]]
 [[Category:Banks established in 2009]]
 [[Category:Companies based in Reading, Berkshire]]

v t e Commercial and retail banks in the United Kingdom
Banking in the United Kingdom
Barclays	Barclays Bank Barclays Wealth
HSBC Holdings	First Direct HSBC UK Bank HSBC Private Bank M&S Bank
Lloyds Banking Group	Bank of Scotland Birmingham Midshires Halifax Lloyds Bank
NatWest Group¹	NatWest Coutts & Co. Royal Bank of Scotland Messrs. Drummond Holt's Military Banking Ulster Bank Isle of Man Bank
Santander Group	Cahoot Cater Allen Santander UK
Wholly state-owned	National Savings and Investments UK Government Investments UK Asset Resolution
Challenger banks	Atom Bank Monzo Starling Bank Tandem Bank Zopa
Other retail	Al Rayan Bank Aldermore AIB Group (UK) Allied Irish Bank (GB) AIB (NI) Bank of Ireland Chase The Co-operative Bank Smile Danske Bank easyMoney Handelsbanken Hodge Bank Kent Reliance Kingdom Bank Metro Bank Paragon Reliance Bank Secure Trust Bank Sainsbury's Bank Shawbrook Bank Standard Chartered Tesco Bank Triodos Bank TSB Bank Virgin Money Clydesdale Bank Yorkshire Bank Wesleyan Bank
Other commercial and private	Arbuthnot Latham & Co Bank and Clients Butterfield Bank C. Hoare & Co Cambridge & Counties Bank Close Brothers Group Duncan Lawrie J.P. Morgan Kleinwort Hambros Rothschild & Co Unity Trust Bank Weatherbys
Big Four banks are underlined and private banks are shown in italics ¹ Partially owned by UK Government Investments