July 25, 2014 2:49 PM ET

Banks

Company Overview of Reliance Bank Limited

Company Overview

Reliance Bank Limited operates as a bank. It offers personal and business banking services, including current accounts and savings accounts. The company also offers loans, mortgages, cash individual savings accounts, foreign services, Internet banking, and visa debit cards, as well as charity banking services. Reliance serves private customers, churches, charities, and businesses primarily in the United Kingdom. The company was formerly known as The Salvation Army Bank. Reliance Bank Limited was founded in 1890 and is based in London, United Kingdom.

Faith House

23-24 Lovat Lane

London,  EC3R 8EB

United Kingdom

Founded in 1890

Phone:

44 20 7398 5400

Fax:

44 20 7398 5401

Key Executives for Reliance Bank Limited

Chief Executive Officer and President of Reliance Bancshares
President of Reliance Bancshares
Age: 53
Compensation as of Fiscal Year 2014.

Reliance Bank Limited Key Developments

Reliance Bank Reports Earnings Results for the First Quarter of 2014; Provides Earnings Guidance for the Year 2014; Promotes Tom Stafford to President and Chief Risk Officer

Reliance Bank reported earnings results for the first quarter of 2014. For the quarter, the company reported profit of $1.7 million in the first quarter. The quarterly profit compares with $1.5 million in the same quarter in 2013, which included extraordinary income of $927,000 from a reversal in the loan loss reserve. The company expects $8.5 million profit for the year. The company announced Tom Stafford, formerly executive vice president, was promoted to president and chief risk officer, responsible for finance and loan administration.

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