Scoban, the company attempting to launch a new private bank in Scotland, has signalled its belief in the project with the signing of a 10-year lease on a head office property in Edinburgh's traditional financial centre of Charlotte Square.
Scoban, the company attempting to launch a new private bank in Scotland, has signalled its belief in the project with the signing of a 10-year lease on a head office property in Edinburgh's traditional financial centre of Charlotte Square.
VISION: Former Adam and Company managing director Ray Enwistle heads the firm, which is aiming to raise a total of £8m to set up the bank. Picture: Graham Hamilton
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Simon Bain
The move by Scoban, headed by former Adam and Company managing director Ray Entwistle, signals definitive progress for the bank, which issued a fund-raising prospectus last March.
It had raised £5 million from private investors by the end of June, against a target of at least £8m to start up the bank, and pending discussions with the Financial Services Authority over a banking licence.
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