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Written by Mario Mazzocchi

A statement from our CEO on the sale of Wesleyan Bank

wesleyan bank
2 min read
mario mazzocchi

A statement on the sale of Wesleyan Bank to Hampshire Trust Bank (HTB) Group from Wesleyan Group Chief Executive, Mario Mazzocchi

The sale of Wesleyan Bank to the Hampshire Trust Bank (HTB) Group has today (28/02/22) been finalised as the Wesleyan Group moves to strengthen its specialist focus and fulfil its purpose of creating brighter financial futures for doctors, dentists and teachers. As a proud mutual, we also believe the sale will deliver long-term value for our members.

The right move for members and customers

As a specialist financial mutual, Wesleyan is proud to offer advice, products and services to doctors, dentists and teachers. Wesleyan Bank has been an integral part of that journey since it was established in 1993.

However, following an in-depth review, it became clear that the opportunities that lie ahead for Wesleyan Bank sit predominantly outside of our specialist customer groups which is why we were pleased to agree the sale to the HTB Group.

For Wesleyan, the sale will help us to further enhance the products and services we offer to doctors, dentists and teachers, while delivering long-term value for our members.

 

A message to our colleagues and customers

On behalf of everyone at Wesleyan, I wish the team departing today to join HTB plc all the best for the future and thank them for their hard work and contribution to our company.
 
To our Wesleyan Bank customers transferring to HTB plc today, thank you for your trust in the Wesleyan Group to date. We wish you a prosperous future and if the Wesleyan Group can continue to support you and your future financial needs in any way, we would be delighted to do so.
 
Customers of Wesleyan Assurance Society, Wesleyan Financial Services, Wesleyan Unit Trust Managers and Practice Plan / DPAS are unaffected by this change. You can continue to liaise with your Specialist Financial Adviser or Relationship Manager as you do today. 
 
For customers of our Medenta business, we have a new lender in place to support your ongoing patient finance needs.
 
To our members- for whom we exist – we believe today’s move will enable us to better invest the money we manage on your behalf in opportunities that help us to grow to new heights, delivering greater financial returns and a more sustainable future for our business, the environment and the communities we serve. We look forward to continuing our work to help create a brighter financial future for you and your families. 
 
Thank you for your ongoing support of Wesleyan.

Yours sincerely,

Mario Mazzocchi
Group Chief Executive

For further information, please visit HTB's FAQ page here.