United Trust Bank finances buyout of Heritable Bank division

June 1, 2012
United Trust Bank led and participated in providing a financing package to assist new company, Heritable Partners, in its acquisition of the structured property finance business of Heritable Bank (in administration). Heritable, a UK registered bank founded in 1877, is owned by Landsbanki Islands of Iceland and was placed in administration in October 2008. On entering administration, Heritable's Structured Property …

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