Cater Allen exceeds £6 billion deposits

Cater Allen's deposits have exceeded £6 billion for the first time since it was founded in 1816 in Blackburn.

Deposits have grown 20 per cent in under a year since June 2007, when assets breached £5 billion.

Richard Dunn, Managing Director, Cater Allen, said: "To reach £6 billion deposits is a significant milestone, and it is especially pleasing that we have grown from £5 billion to £6 billion in under a year and in the current economic environment. We are delighted with the support we have received from both our loyal clients and professional advisors since launch, which is a tremendous endorsement of our offering and service philosophy.

"Our primary focus is to deliver the highest possible levels of service, and products that respond to our clients exacting needs. As we have grown, we have remained true to this focus, while benefiting from new technology such as our recently launched internet banking, and the backing and commitment of one of the world's largest banks."

Besides excellent service, Cater Allen believes much of its organic growth can be attributed to the careful consideration of the needs of professional advisers and direct clients. Cater Allen has consulted closely with both clients and advisers alike and in this way aims to deliver products most suitable to their specific needs.