South West Mutual has been formed to establish the first ever customer-owned high street bank dedicated to Cornwall, Devon, Somerset and Dorset.
Subject to regulatory approvals we aim to launch in late 2019.
We will serve personal and business customers with current accounts, savings and loans.
Choose how you want to bank - we will open branches as well as offering state of the art online and mobile banking.
We will be owned by our members and will pursue only what is in our customers' best interests.
We will not engage in financial speculation, or pay huge bonuses to staff for selling financial products.
We believe that bank managers who know their communities well make the best lending decisions.