Entwistle ‘should be proud’ as Hampden enjoys growth
Lending was up 40% to £132.5 million, deposits 38% to £267.5m and total income 63% to £6.4m. In April, shareholders invested a further £9.8m in the three-year-old bank.
Chief executive Graeme Hartop said the growth reflected customer demand for its style of banking service. In February it launched a digital banking service and mobile app.
Mr Entwistle, pictured, retired as chairman last year and was succeeded by Alan Hughes who commended his highly successful career over more than 50 years, culminating in the creation of Hampden & Co.
Mr Hughes said: “Ray has a great deal to be proud of.” Mr Hughes is an industry stalwart, a previous CEO of First Direct Bank, a former executive board member at HSBC and he serves as Pro-Chancellor and Deputy Chair at Loughborough University.