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Wednesday, June 13, 2023

Dunbar Bank appoints Andy Traynor to drive North West business

Dunbar Bank has appointed a Preston banker to spearhead its strategy to grow its regional loan book in the North West.

The specialist residential and commercial property funder has appointed Andy Traynor, as its new Regional Lending Manager in the North West. He has been specifically brought on board to head up the Manchester office which will incorporate all areas between North Wales and Carlisle.

Traynor had been with Barclays for 26 years as part of its mid-corporate team based in Preston. Neil Leitch, Regional Director, said: "Andy's appointment shows how committed the bank are to the city and indeed the region as a whole and we are delighted to welcome him on board.

Traynor said: "This new role is an exciting challenge for me and the area I will be responsible for has massive potential for Dunbar's style of lending. I feel it is important that in today's business environment, property funding should always be regarded as much more than a mere department within a conventional bank. It deserves a singular focus, proven expertise and a proactive stance, which is why it's Dunbar's speciality."

He added: "Dunbar appreciates that clients need a highly efficient funding package coupled with maximum flexibility so the facilities we offer are never the "one size fits all" variety. Individual project financing means just that, unique and innovative solutions together with pro-active thinking."

Dunbar Bank, which is a member of the Zurich Financial Services group, only operated in London and the South-East until 1991 but since this time has built up a regional network of branches. Dunbar also has offices in Birmingham, Bristol, Glasgow, Leeds and Newcastle.

Dunbar's Chief Executive, Andy Deller said: "It would be fair to say we have a greater proportion of our loan book domiciled in London and the South-East however we now have 25% of our business in our regional branches. The level of service clients can expect from Dunbar is however, fast differentiating us from other banks. From the initial concept to the conclusion of the project, their ongoing contact is with an individual, not an institution. We focus on developing strong relationships that help our clients grow and achieve their goals."

Deller concluded: "This year the challenge is to maintain the momentum of the business. This will be demonstrated by the bank writing in excess of 500m of new business to our balance sheet, with a net increase in total balances of more than 100m."