The specialist bank expects to have the directors in place by Q3 at the latest, and is focused on broadening its network in that marketplace.

The new recruits will report directly to David Parsons, regional managing director in the Midlands.

In an exclusive interview with Bridging & Commercial, Sean Powell, national sales director at STB Commercial Finance (pictured above), said that these appointments would increase its exposure in the region and that there were a lot of traditional manufacturing opportunities in the Midlands.

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The bank launched its Birmingham office in June 2018 and achieved record levels of investment in the area throughout the year, providing £75m to businesses.

This represented a large chunk of its overall lending, with £194.7m invested in businesses across the country over the course of the 2018 financial year.

STB’s offices are client-facing, with two opening in the past 12 months.

It recently opened its London office on Lombard Street and has a regional sales director in place, although it doesn’t have a regional managing director in the capital as yet.