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co-operative bank plc (COOBF) Details

The Co-operative Bank plc provides banking and financial services to individuals, sole traders, small partnerships in the United Kingdom. Its personal banking products and services include current accounts, savings accounts, mortgages, personal loans, professional and career development loans, homeowner loans, credit cards, and investment products. The company also offers business banking products, such as current accounts, deposit accounts, and community banking products; and lending products comprising business charge cards, overdrafts, and fixed and variable rate loans. In addition, it offers commercial banking products and services, including business current accounts, and deposit accounts and investments; lending and finance products; and cheque/cash processing, bankers automated clearing/clearing house automated payment system, merchant, payment collection, cheque payment, faster payment, treasury, and foreign banking services, as well as provides charge and ATM cards. Further the company offers insurance products consisting of car, young driver, breakdown cover, home, pet, business, van, and life and health insurance, as well as provides offshore, online, and mobile banking services. It operates under its own brand, as well as under the smile, Platform, and Britannia brands. As of December 31, 2013, the company operated through a network of 294 branches, 22 business banking centers, 3 primary call centers, and approximately 2,500 ATMs, as well as the Internet and digital channels. The company is based in Manchester, the United Kingdom. The Co-operative Bank plc is a subsidiary of The Co-operative Banking Group Limited.

7,526 Employees
Last Reported Date: 04/11/14

co-operative bank plc (COOBF) Top Compensated Officers

Chief Executive Officer and Director
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Finance Director and Director
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Chief Operating Officer
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Head of Governance
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Chief Risk Officer and Head of COAM
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Compensation as of Fiscal Year 2014.

co-operative bank plc (COOBF) Key Developments

Co-Operative Bank plc Appoints Dennis Holt as Chairman of the Board

The Co-operative Bank plc announced the appointment of Dennis Holt as Chairman of the Board. The appointment has received regulatory approval and is effective October 27, 2014. Dennis Holt joined the Board on 3 February 2014 as Senior Independent Director and has acted as Interim Chairman since 1 October 2014 when Richard Pym stood down as Chairman of the Board. Dennis' experience in banking and insurance spans 43 years and includes a period as Main Board Executive Director at Lloyds TSB responsible for the Retail Bank. He has held several non-executive posts including Deputy Chairman of Bank of Ireland plc, Chairman of Bank of Ireland UK and Chairman of Liverpool Victoria. He is currently Non-Executive Chairman of Beazley plc.

John Baines Joins the Board of Co-operative Bank as Finance Director

The Co-operative Bank announced that John Baines joins the Board as Finance Director with effect from October 1, 2014. John joined the Co-operative Bank in April 2013 as Chief Financial Officer and has over twenty-five years of experience in financial services.

Co-Operative Bank plc Plans to Cut More Jobs

Co-operative Bank plc is set to cut more jobs. About 46 branches were closed in the first half of 2014, with another 25 closures scheduled by the end of 2014.


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