Recent events
Recent events tied to this brand in public sources.
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2022
Metro Bank announced Windsor store closure plan
Metro Bank announced that its Windsor store on Peascod Street is set to close later in 2022.
2021
Metro Bank fined £5.4m for reporting failures
The Bank of England's Prudential Regulation Authority fined Metro Bank £5.4 million for failures in its reporting duties, citing errors in regulatory reporting and related oversight, controls and resourcing. Metro Bank said it had improved its reporting processes and controls and strengthened risk management and governance.
2021
Metro Bank and Churchill Expert launch an SME insurance partnership
Metro Bank entered the SME insurance market by offering seven products across 11 industries in partnership with Churchill Expert.
2020
NatWest announces agreement to acquire Metro Bank mortgage portfolio
NatWest announced an agreement with Metro Bank to acquire a £3.0 billion portfolio of prime UK mortgages. The transaction was expected to close during the first quarter of 2021.
2020
Metro Bank partners with Clear Books
Metro Bank announced a partnership with Clear Books to offer accounting software, free bank feeds and exclusive discounts to Metro Bank's small-business customers. The integration provides access to Clear Books' financial management tools through Metro Bank online and mobile banking.
2020
Metro Bank agrees to acquire RateSetter
Metro Bank agreed to acquire RateSetter for initial consideration of £2.5 million, with additional consideration potentially payable subject to specified criteria and timing. The transaction requires approval from the UK Financial Conduct Authority.
2020
Metro Bank opened its first Sheffield store
Metro Bank opened its 77th store in Sheffield city centre, its first store in Yorkshire. The store was at 58–64 Fargate and opened with social-distancing measures in place.
2020
Metro Bank expands MCash availability across the Midlands
Metro Bank's MCash on-demand cash collection and delivery service became available across its Midlands network. Businesses can request doorstep cash pickups and deliveries through the bank's mobile app.
2019
Metro Bank removes and reduces mortgage product fees
Metro Bank removed product fees on residential mortgages for existing customers and reduced product fees by £500 for all buy-to-let remortgage customers.
2019
Metro Bank partners with fintech firms for business clients
Metro Bank partnered with three companies to direct funding toward projects intended to make doing business in the UK easier. One described collaboration is with trade finance provider Conance, to provide SME clients with trade advice and access to finance solutions.