Cater Allen is a
private bank
Private banks are banks owned by either the individual or a general Partner (business rank), partner(s) with limited partner(s). Private banks are not incorporation (business), incorporated. In any such case, creditors can look to both the "enti ...
operating in the
United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and ...
. It is a subsidiary of
Santander UK
Santander UK plc (, ) is a British bank, wholly owned by the Spanish Santander Group. Santander UK plc manages its affairs autonomously, with its own local management team, responsible solely for its performance.
Santander UK is one of the l ...
. Tracing its history back to a bank founded in
Blackburn
Blackburn () is an industrial town and the administrative centre of the Blackburn with Darwen borough in Lancashire, England. The town is north of the West Pennine Moors on the southern edge of the Ribble Valley, east of Preston and north-n ...
in 1816,
[http://www.caterallen.co.uk/DocumentDownload.aspx?docID=48 (pdf)] it was independent for 180 years, before being purchased in 1997 by
Abbey National
The Abbey National Building Society was formed in 1944 by the merger of the Abbey Road and the National building societies.
It was the first building society in the United Kingdom to demutualise, doing so in July 1989. The bank expanded thro ...
. Cater Allen Offshore was initially run as a separate enterprise within Abbey, but in 2001 it was merged with Abbey National Offshore.
The Cater Allen name came about relatively late in the bank's history, from Cater Ryder's 1981 acquisition of Allen, Harvey and Ross. Cater Ryder itself had been formed 20 years earlier by the merger of Cater and Co. (founded 1908) and Ryder's Discount Co.
Cater Allen has significantly expanded twice in the past twenty years, with the 1994 acquisition of Tyndall Bank, and the 2001 acquisition of Fleming Premier Banking
from
JPMorgan Chase
JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company headquartered in New York City and incorporated in Delaware. As of 2022, JPMorgan Chase is the largest bank in the United States, t ...
.
References
External links
*
Banco Santander
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