Corporate

Corporate

OakNorth deepens support for US lower mid-market businesses with acquisition of Michigan-based, Community Unity Bank

Monday March 17th, 2025

Since it began operating in the US in July 2023, OakNorth has lent over $700m to the lower mid-market Monday 17th March, 2025: OakNorth, the leading commercial digital bank for entrepreneurs by entrepreneurs, today announces that it has agreed to purchase Community Unity Bank (CUB), the home-grown, FDIC-insured community bank based in Birmingham, Michigan, in […]

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OakNorth pre-tax profits surge to £215m ($272m) as it surpasses £12.5bn ($15.7bn) in lending and continues its US expansion

Thursday March 6th, 2025

OakNorth surpassed £2.1bn ($2.6bn) in gross lending in 2024, fuelled by significant demand for its offering in the US, where it has lent $700m

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OakNorth celebrates five-year anniversary of having dedicated lending team in the Midlands

Thursday January 23rd, 2025

To date, OakNorth has completed over £675m of loans to Midlands-based businesses across multiple industry sectors; Some of the businesses it’s supported in the region include: MPS Care Group, Beaufort Wealth Management, Bruntwood SciTech, and Rose & Co Developments; The digital bank continues to grow its Birmingham based team, hiring Ian Fairclough as a Director […]

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OakNorth partners with Sustainable Ventures to support the growth of sustainable businesses across the UK

Friday January 17th, 2025

London, UK – Friday 17th January, 2025 – OakNorth, the digital bank for entrepreneurs, by entrepreneurs, and Sustainable Ventures, the UK’s leading hub for climate tech businesses, today announced a strategic partnership to provide tailored lending and business banking services to scaling sustainable businesses. OakNorth has a proven track record of supporting pioneering businesses in […]

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OakNorth boosts Board with appointment of seasoned technology executive and product pioneer, Nilan Peiris

Monday September 2nd, 2024

Nilan is Chief Product Officer at Wise where he has spent over a decade helping to scale the company globally LONDON, Monday 2nd September, 2024: OakNorth – the digital bank for entrepreneurs, by entrepreneurs – today announces the further strengthening of its Board of Directors with the appointment, effective from today, of Nilan Peiris as […]

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US regulators grant OakNorth authorisation for Representative Office

Tuesday August 27th, 2024

OakNorth has lent c.$600m to lower mid-market businesses in the US last year London, UK, Tuesday 27th August 2024; OakNorth – the digital bank for entrepreneurs, by entrepreneurs – today announces that it has secured authorisation from the Federal Reserve and the New York State Department of Financial Services (NYDFS) for a Representative Office in […]

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