Cater Allen exceeds £5 billion deposits

Cater Allen’s deposits have exceeded £5 billion for the first time since it was founded in 1816 in Blackburn.

Deposits have grown 25 per cent in just 18 months since December 2005, when assets breached £4 billion.

Richard Dunn, Managing Director, Cater Allen, said: “To reach £5 billion deposits is a significant milestone, and it is especially pleasing that we have grown from £4 billion to £5 billion in just under 18 months. 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.”