Kingdom Bank Limited is a Christian bank in the United Kingdom. They provide deposit accounts, mortgages, and insurance brokering, with the vision of helping UK churches to grow.
History
It was founded in the early 1950s by Pastor George Oldershaw as an informal fund to finance the development of churches within the Assemblies of God movement in Great Britain and Ireland.[2] In 1954 the fund became a Registered Charity known as Assemblies of God Property Trust. The organisation saw slow but steady growth and was authorised by the Bank of England in the 1980s and subsequently by the Financial Services Authority.
On 1 January 2005 Kingdom Bank Limited was launched as a wholly owned subsidiary of the Assemblies of God Property Trust.
In May 2009, Kingdom Bank expanded its insurance business by purchasing the insurance business of Stewardship, a Christian charity.[3] Kingdom Bank Insurance Brokering is primarily designed for Churches and Christian charities.
In September 2019, Kingdom Bank announced that the Assemblies of God Property Trust intended to allow Stewardship, with a group of Christian philanthropists, to purchase the bank.[4][5] The deal was approved by the regulators and confirmed in March 2020. [6]
External links
See also
References
- ^ "Kingdom Bank Limited overview - Find and update company information - GOV.UK". Companies House. 3 January 2002. Retrieved 24 February 2024.
- ^ Davis, Alexandra. "Chris Sheldon: chief executive of Kingdom Bank". Evangelical Alliance. Retrieved 20 July 2020.
- ^ "Kingdom Bank takes over Stewardship's insurance business". Christian Today. 16 May 2009. Retrieved 12 October 2011.
- ^ "Blog".
- ^ "Christian charity buys Kingdom Bank for £7m".
- ^ "Kingdom Bank set for major expansion following acquisition by Christian investors". 2 April 2020.
Recent Comments