- On behalf of Bank Insinger de Beaufort, Graham Davin and Harley Kagan acquire UTB
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
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
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
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 Limited is registered in England and Wales, registration number 549690, registered office at One Ropemaker Street, London, EC2Y 9AW, England
Privacy notice
UTB takes its Data Protection responsibilities seriously and we are committed to using the personal data we hold in accordance with the law
Complaints
If something has gone wrong, please get in touch with us and we will investigate your complaint as soon as we can
Fraud awareness
Tips on how to spot fraud and how to report your concerns to us
How can we help?
Got a question or need some support? Check our help page for useful information and ways to contact us