Little-known Scottish Bank receives massive investment injection

The Airdrie Savings Bank may well have been around for 175 years but it is a relatively small operation based in the county of Lanarkshire. However, this is a bank which may well hit the headlines in the weeks and months ahead after a group of Scottish entrepreneurs gave their backing to the operation by depositing a total of £10 million with the Bank. They will not take any shares in operation instead allowing the company to expand its lending using the deposits as backing.

Scotland has a well known and well documented history in UK banking although the demise of Royal Bank of Scotland and the takeover of Bank of Scotland has greatly reduced the influence of the Scottish banking community. It is hoped that the Scottish entrepreneurs will be able to give the Airdrie Savings Bank advice and assistance in growing the business for the future as this is an operation which has been around for nearly 200 years and has been relatively "risk free" in its financial services.

It will be interesting to see whether pressure grows on the Bank to take further risks in the future because of the additional investment. If this is the case, then the uniqueness of the Airdrie Savings Bank could well be compromised.