Corporate
OakNorth surpasses $1bn in lending to US businesses since July 2023
OakNorth began lending in the US in July 2023, supporting both US lower mid-market businesses, as well as UK/US lower mid-market businesses with their expansion. New York, 02 May, 2025: OakNorth, the leading digital bank for entrepreneurs, by entrepreneurs, has surpassed $1bn of lending in the US since it began lending there in July 2023, […]
Corporate
OakNorth deepens support for US lower mid-market businesses with acquisition of Michigan-based, Community Unity Bank
Since it began operating in the US in July 2023, OakNorth has lent over $700m to the lower mid-market Monday 17th March, 2025: OakNorth, the leading commercial digital bank for entrepreneurs by entrepreneurs, today announces that it has agreed to purchase Community Unity Bank (CUB), the home-grown, FDIC-insured community bank based in Birmingham, Michigan, in a stock for stock […]
Corporate
OakNorth pre-tax profits surge to £215m ($272m) as it surpasses £12.5bn ($15.7bn) in lending and continues its US expansion
OakNorth surpassed £2.1bn ($2.6bn) in gross lending in 2024, fuelled by significant demand for its offering in the US, where it has lent $700m. Thursday 6th March, 2025; OakNorth – the leading digital bank for entrepreneurs, by entrepreneurs – today publishes its latest Annual Report, revealing pre-tax profits of £214.8m ($271.6m) in 2024 (FY23 £187.3m / $236.8m)[1]. OakNorth provided […]