Local Deposits Fund Local Growth

25/2/2009

In these challenging economic times, and global forces are evident on every local High Street, Yorkshire Bank has confirmed its commitment to Birmingham’s business community.

The bank wants local people to know that its long-standing pledge to invest local business deposits back into the local community in the form of loans to Birmingham’s businesses, remains as strong as ever.

Yorkshire Bank is firmly committed to helping Birmingham succeed by investing locally ‘pound for pound’ what is placed in deposit with the Bank to improve the opportunities for local companies to secure finance and create jobs.

As part of this investment in the city, Mario Paparelli has been appointed Regional Deposit Partner for the Midlands which will cover customers in its Financial Solutions Centres in Birmingham, Coventry, Leicester, Nottingham, Derby and Northampton.

The 36-year-old, who lives in Telford, said: “Through our pound-for-pound local commitment we will continue to play a key role in helping local businesses navigate today’s difficult challenging economic climate.

“Ensuring locally-deposited money stays within the local economy means we can reinvest these funds to help the growth plans of other Birmingham businesses.”

Steve Cronin, managing partner of Yorkshire Bank’s Financial Solutions Centre in Temple Row, added: “We remain fully committed to working in partnership with the businesses and communities we serve.

“This means local knowledge comes into play in our decision-making process and, despite our global reach, we have never lost the mindset of being a local bank.”