The bank is authorised by the Prudential Regulation Authority[2] and regulated by the Financial Conduct Authority.[3] As of March 2024, the bank manages more than £4.5 billion in customer deposits and holds total assets valued at £5.38 billion, placing it as the 47th largest bank in the UK. HTB’s headquarters are located at 80 Fenchurch Street, London.
History
Hampshire Trust Bank[4] was founded in Fareham, Hampshire, in 1977 to provide savings and lending services to its local community. The bank was acquired by Alchemy Partners LLP, a UK-based private equity firm in 2014 and authorised to accept deposits the same year as part of its transformation into a specialist challenger bank serving the whole of the UK.[5]
The bank also launched its commercial mortgages business following the acquisition, and more than doubled the value of new loans written in 2016[6]. It posted its first half-year profits since the management buyout (£1.3m) in August 2016, with customer numbers increasing by almost 2,500 over the six month period. [7]
In 2016, the bank relocated its headquarters to 55 Bishopsgate, London, before moving again in 2024 to the custom-built ninth floor of 80 Fenchurch Street.[8] It has smaller customer support offices in both Birmingham and Leeds.[9]
In February 2022, HTB acquired Wesleyan Bank from the Wesleyan Group.[10] The business now operates as HTB Leasing & Finance Ltd.[11]
In 2024, the bank completed its first mortgage securitisation,[12] Winchester No. 1, valued at £300 million.
Operations
HTB has been carbon neutral since 2022[13] and is a UK registered Individual Savings Account (ISA) manager[14]. It is also listed as having adopted the HMRC code of Practice on Taxation for Banks.[15]
In 2024, the bank completed its first mortgage securitisation, Winchester No. 1[16], valued at £300 million[17]. This was followed in January 2025 by the expansion of its business development broker team.[18]
October 2025 saw another significant event for the Bank, as it issued £55 million in subordinated notes as part of its capital management strategy. Classified as Tier 2 capital, the notes (due to mature in January 2036) were aimed at institutional investors with the intention of strengthening the bank’s long-term financial position.
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£5.38 billion [1]