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Challenger Bank celebrates trio awards shortlist

29/10/2020 09:00:00
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A Challenger Bank that “is mighty where it matters” has been shortlisted for not one, but three top industry awards.

Hertfordshire-based Redwood Bank has been nominated for the prestigious prizes at this year’s National Association of Commercial Finance Brokers (NACFB) awards.
The Bank, which recently celebrated its third anniversary, has been shortlisted in the Business Bank of the Year, Most Innovative Lender and Specialist Lender categories.
Due to the COVID-19 pandemic, the winners will be announced during the NACFB’s first-ever virtual ceremony which will take place on Thursday, November 26, from 4pm.
The award recipients will be determined by NACFB member votes and feedback from a broker judging panel.


Gary Wilkinson, CEO and Co-Founder of Redwood Bank, said:

“The pandemic has changed things significantly in financial services but everyone at Redwood Bank has faced the COVID-19 crisis head on. As a team we were agile in adapting to the ‘new normal’ over the course of lockdown and we made firm commitments to all our brokers, even increasing their fees.

 “It’s a fantastic accomplishment to have been shortlisted in three categories at the NACFB awards. This recognition goes to show that Redwood Bank may be small in stature, but mighty where it matters, and the industry is taking note.”
Redwood Bank was famously the first Challenger Business Bank to be completely ‘born in the cloud’. An ambitious Bank, it was developed to offer a real alternative for SMEs, looking to make sure their properties and cash work harder for them.
NACFB’s Managing Director Norman Chambers said: “Our dealings with Redwood have proven how dedicated the Bank is to creating meaningful, long-term relationships with brokers. It’s an organisation which is proactive, professional and committed to creating long-term success.”
Redwood Bank provides individually assessed mortgages for business owners and professional landlords, as well as a range of Best Buy savings accounts, which are offered to businesses, clubs, associations and charities.
For further information, visit www.redwoodbank.co.uk.

Notes to editors
  • For further details contact Laura Pearce at Strand PR on [email protected] or 01763 274674 / 07903 106405.
  • Redwood Bank was launched in August 2017, becoming Britain’s newest business bank for SMEs and completing its ‘mobilisation’ phase just over four months after securing its initial banking licence in April 2017. Redwood Bank offers secured SME mortgages for business owners, as well as for experienced commercial and residential property investors. It delivers fast and efficient mortgage decisions to help its business customers seize property opportunities and also offers competitive business savings accounts. Redwood Bank was founded by Jonathan Rowland and Gary Wilkinson. It has a unique private-public ownership structure in which Warrington Borough Council has a one-third stake.