UK Lender OakNorth Hiring in the US as Bank Acquisition Nears

OakNorth Bank Plc is hiring for key positions in the US ahead of its acquisition of Michigan-based Community Unity Bank, which the firm hopes will unlock even more lending to businesses in the country.

The all-share deal, which was announced a year ago, is “progressing” with regulators, according to Rishi Khosla, chief executive officer and co-founder of OakNorth Bank. “We are hopefully months away,” he said in an interview with Bloomberg News.