Macfarlanes advises Hampshire Trust Bank on acquisition of Wesleyan Bank from Wesleyan Assurance Society

14 October 2021

Macfarlanes has advised specialist lender Hampshire Trust Bank on its acquisition of Wesleyan Bank, a provider of savings accounts, ISAs, unsecured personal loans and commercial lending from financial services mutual, Wesleyan Assurance Society.

The deal is subject to regulatory approval.

The Macfarlanes team was led by corporate and M&A partners Alex Green and Howard Corney with assistance from senior solicitor Tom French. Regulatory advice came from partner Andrew Henderson senior solicitor Joy Davey and solicitor Ned Twigger. Employment expertise was provided by partner Sean Lavin and solicitor Olivia Wistow-Hughes and commercial advice came from partner Malcolm Walton and solicitor Mark Cusack.

Matthew Wyles, Chief Executive Officer of Hampshire Trust Bank, said: “In our experience, Macfarlanes always deliver and this transaction was no exception. Alex Green and his team combine deep expertise, thoroughness and rigour with astute commerciality. We are very grateful for the pivotal contribution which Macfarlanes made.”

Alex Green comments: “We are delighted to have advised Hampshire Trust Bank on this acquisition and look forward to seeing the growth opportunities ahead of the bank.”