Greater Manchester Mutual is part of a growing movement of regional community banks across the
Here are some of the other community banks that are at different stages in their development:
Avon Mutual, covering Gloucestershire, Bristol, Bath and NE Somerset and Wiltshire, has raised first stage funding (£600k), including contributions from several local authorities, and has started the application for its banking licence.
South West Mutual, covering Cornwall, Devon, Dorset and Somerset, has completed its first stage fund raising, including from several district, borough and other councils, is recruiting a team and applying for its banking licence.
Banc Cambria is developing a Community Bank of Wales. See their submission to the Senedd Economy, Infrastructure and Skills Committee and the Committee’s October 2019 report Access to Banking. The Welsh Government are supporting the development of a community bank in Wales.