Bank receives £10m business backing

Aug 27 2010

A group of prominent Scottish business people is investing about £10 million into the Airdrie Savings Bank.

The investors include Stagecoach founders Brian Souter and Ann Gloag, founder of Kwik Fit, Sir Tom Farmer, and Edinburgh's Noble Grossart merchant bank chairman Sir Angus Grossart.

The money will help a plan to create at least one, and possibly two, new branches during the next 18 months.