Metro Bank plans to open at key city centre site with 30 new jobs

Thirty jobs could be created if Metro Bank is granted planning approval to open a branch on the corner of New Street and High Street in the city centre.

Metro Bank was founded in London in 2010 with a growing network of around 50 outlets in the capital and South East.

The ‘challenger bank’ is now expanding into the Midlands after submitting plans with Birmingham City Council to open on the ground floor of 85-88 High Street.

Metro Bank has agreed a 25-year lease on the units at the corner with New Street which are currently occupied by Vodafone, Card Factory and Foot Asylum.

In addition to the bank itself there will be training facilities for approximately 200 people to serve planned future openings elsewhere in the Midlands.

Metro Bank has applied for planning permission to open on the corner of New Street and High Street

The group was founded by American Vernon Hill, a former fast-food restaurant franchisee who launched a similar challenger bank called Commerce Bancorp, in New Jersey, in the 1970s.

It was later bought out and the brand dissolved.

Metro Bank offers retail and commercial banking services, but has no investment arm, and its trading hours typically mirror those of retailers.

Hours of business are seven days a week, including bank holidays, and until 8pm during the week.

It says it wants to focus on local customers and lending to small- and medium-sized businesses.

This would be the third opening of a new bank branch in this part of Birmingham city centre in recent months.

TSB chose New Street last year as the English test bed for its new style of bank branch, joining a sister venue in Aberdeen, where it offers the latest in smart technology services and face-to-face personal banking.

And Clydesdale and Yorkshire Bank is converting a unit in New Street for its digitally focussed banking service ‘B’.