Last checked at 19 Sep 2012 11:23
Date: 19 September 2012
On behalf of: OneSavings Bank plc
OneSavings Bank plc
Acquisition and Changes to Articles
OneSavings Bank plc, the mutual Bank, announces that on Friday 14 September it acquired the entire issued share capital of Prestige Finance Limited and Swingcastle Limited, specialist second charge mortgage lenders with combined gross assets of £68.1 million.
Pursuant to that acquisition and further to resolutions passed at a General Meeting held on Friday 14 September, it has adopted an amended set of Articles.
The amended articles will be available to view on the National Storage Mechanism.
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Enquiries:
Redleaf Polhill Emma Kane 020 7566 6700
David Ison osb@redleafpolhill.com
About OneSavings Bank plc
·; Kent Reliance, krbs.com, Reliance Property Loans, Jersey Home Loans and Guernsey Home Loans are all trading names of OneSavings Bank plc. The Bank originates from mutual roots and has operated for over 150 years. Today it operates as a hybrid modern mutual bank, with core values in terms of treating its customers fairly and offering long term sustainable value for money, but with the capital advantages of a bank.
·; OneSavings Bank plc is registered at Reliance House, Sun Pier, Chatham, Kent (registered number 7312896) and is authorised and regulated by the Financial Services Authority (registered number 530504).
·; OneSavings Bank plc is a member of the Financial Services Compensation Scheme.
·; OneSavings Bank plc was formed as Sevco 5067 Limited on 13 July 2010; it changed its name to OneSavings Limited on 3 August 2010 and was converted to OneSavings plc on 8 October 2010 and became OneSavings Bank plc on 1 February 2011 and, following confirmation by the members of Kent Reliance Building Society (KRBS) and the Financial Services Authority (FSA), began trading as a bank on this date when the trade and assets of KRBS were transferred into the business.