Nick Adams and Nigel Steadman have joined the North and Mid Essex SME banking team as relationship managers. They will support local businesses with a turnover of between £1million and £25million in a range of sectors including retail, haulage and property.
Nigel brings 35 years of corporate banking experience to his new position, which will see him working with businesses in Colchester and Clacton, having originally joined Lloyds Bank in 1981.
Nick started his career at Lloyds Bank as a branch manager in 2008, and his new role will see him work closely with Chelmsford-based firms, providing tailored funding and guidance to help them meet their business growth aspirations.
The pair will work alongside newly appointed area directors Paul Sullivan, who oversees the North and Mid-Essex SME division, and Gerry Betts, who heads up the South Essex SME team.
Steve Elsom, regional director for SME Banking in the East of England, said: “We’re committed to fostering the development of local businesses, and aiding their contribution to the economic recovery. The new team will play a key role in helping to create jobs, supporting innovation, and enabling firms throughout Essex to reach their full potential.”