The story
The bank was established in 1952 as Secure Homes Limited and became a subsidiary of the Arbuthnot Banking Group in 1985.
The company became Secure Trust Bank PLC in 1994 and was floated on the London Stock Exchange in an initial public offering in November 2011.
In 2012, the bank acquired Everyday Loans, a branch-based provider of unsecured personal loans to customers in the near-prime and sub-prime credit markets.
In 2015 the bank launched an asset finance division to enable it to offer lending to businesses.
In December 2015, the bank agreed to sell Everyday Loans Holdings Limited to Non-Standard Finance for an enterprise value of £235 million; the transaction completed in April 2016.
In 2016 the Arbuthnot Banking Group reduced its majority stake from 51.9% to 20%, for about £145 million.
In January 2021, Secure Trust Bank announced that CEO Paul Lynam would be stepping down with immediate effect, to be replaced by David McCreadie, a former Managing Director at Tesco Bank.
In March 2022, Secure Trust Bank announced it would be selling the Debt Managers business, which had bought some nine years earlier, to Swedish firm Intrum.
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In May 2022, Secure Trust Bank completed the acquisition of BNPL start-up AppToPay which will operate as part of V12 Retail Finance to offer a BNPL style product alongside its traditional retail finance products.
From Wikipedia’s article on Secure Trust Bank, shared under CC BY-SA 4.0.4