Angus MacDonald Calls for Airdrie Savings Bank to Consider Falkirk District in Expansion Plans

Angus MacDonald Calls for Airdrie Savings Bank to Consider Falkirk District in Expansion Plans

Following the news that a group of prominent Scottish businessman including Brian Souter and Sir Tom Farmer are ploughing £10 million into the Airdrie Savings Bank - Scotland’s last independent bank – to allow the Lanarkshire bank to expand and lend more to businesses, the SNP’s Economic Development Spokesperson at Falkirk Council, Councillor Angus MacDonald has written to the bank’s president Bob Boyle and the bank’s General Manager Jim Lindsay urging them to consider opening a branch in Falkirk district as part of their expansion plans.

Councillor MacDonald, who is also the SNP’s Scottish Parliamentary Candidate for Falkirk East said:

“Given Falkirk district’s close proximity to the bank’s current area of operation, a move to a neighbouring area such as Falkirk will hopefully be uppermost in the bank’s expansion plans.

“In addition, given the dismal performance of our national banks, and their continued refusal to fully engage with local businesses, I am sure businesses and individuals the length and breadth of Falkirk District would welcome a branch of the Airdrie Savings Bank, which represents what Scottish banks once stood for – security of funds, a focus on savings and outstanding personal service.”

“It is refreshing to see a bank, particularly a local bank, engage positively with the business community.”

The group anticipates widespread interest from individuals and businesses across Scotland in opening accounts with Airdrie Savings Bank – Scotland’s last independent bank.

The location of the first additional branch is still to be determined but Jim Lindsay, general manager of Airdrie Savings Bank, said the choice will be influenced by local demand.

He commented: “We are considering a number of locations but we would obviously like to open our first branch outside of Lanarkshire in a town or city where local people and businesses would welcome a traditional bank that has
a low risk focus and puts customers first.

“We have, therefore, created a section on our website that allows people and businesses outside of Lanarkshire to register to open an account. Interested parties can register an interest on our website.”

To register an interest in opening an account visit www.airdriesavingsbank.com

Airdrie Savings Bank has seven branches in North Lanarkshire – Airdrie, Coatbridge, Motherwell, Shotts, Bellshill, Muirhead and Baillieston.

It was established in 1835 as a mutual as part of the “thrift” movement and even today allows accounts to be opened with a deposit of only 5p.

Copyright © Angus MacDonald MSP 2017

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