Reliance
Bank Company Information
About
The Reliance Bank Company
Established
in 1890, when it was known as The Salvation Army Bank, Reliance
Bank Limited is built upon caring foundations - that remain as strong
as ever. The Salvation Army's founder, William Booth, was a man
renowned for getting things done. When he needed to attract investments
to finance mortgages on property vital to the work of the movement,
his response was to set up the Army's own bank.
Today, The Salvation Army retains ownership of the Bank through
its controlling shareholders: The Salvation Army Trustee Company
and The Salvation Army International Trustee Company. Each year,
Reliance Bank donates all its allowable profits to The Salvation
Army.
A Future Built on Faith
In 1900, the name was changed to Reliance Bank Limited and retained
this status until 1980, when legislation caused it to become a Trust
Company. Its status and present title were restored in 1988 as an
authorised bank under the Banking Act 1987.
A thriving
business, Reliance Bank Limited is growing. It is not only The Salvation
Army which relies on the bank, but it is also trusted by many private
customers, as well as other churches, charities, and businesses.
Reliance
Bank is small but is BIG on customer care. It has the advantage
of being able to provide customers with individual attention and
service based on it's personal knowledge of them.
Reliance
Bank also means secure banking. Unlike some larger banks, Reliance
Bank has not incurred trading losses and prides itself on a strong
balance sheet; benefiting the Bank and its customers.
Faith, Hope - and Charity
Like The Salvation Army, Reliance Bank puts people first. It cares
about its customers and their issues that matter to them. That is
why Reliance Bank believes in ethical banking - and why its customers
put their faith in Reliance Bank...While working hard for its customers,
the Bank's investments are made within strict ethical boundaries
and its profits are used to further The Salvation Army's evangelical
and charitable work.
Reliance
Bank Limited
Faith House
23-24 Lovat Lane
London
EC3R 8EB
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