Five Arrows Media Finance, formerly Fineline Media Finance, has rebranded to Paragon Bank following the business’ acquisition in November 2015.
Formerly part of the Rothschild and Co-owned Five Arrows Leasing Group, it will continue to provide its products and services through Technology Finance from Paragon Bank.
“We are looking forward to further developing our business and working with the team at Paragon Bank to look at new opportunities for the future,” said Gareth Wilding (pictured), managing director, Paragon Bank, technology finance.
“For our customers, it is business as usual, all of the same people are here to help; the only changes are our new name and email addresses.”
Paragon Bank’s managing director, Richard Doe, added: “I am delighted to welcome Five Arrows Media Finance to Paragon Bank. We have admired it for many years and recognised it as a market leader in the asset finance sector. The culture, philosophy and operating model is an excellent fit with Paragon Bank and we are looking forward to working with its management team to support growth opportunities across its market.”
Paragon Bank launched in 2014, offering savings accounts direct to consumers and car finance, secured personal loans and buy-to-let mortgages through intermediaries. In November last year the British bank introduced its latest product line, development finance, for property development in London and the South East, before adding asset finance to its product range through the acquisition.