Flagstone are delighted to announce that Castle Trust Bank has become the latest bank to join the Flagstone platform.
Castle Trust Bank was launched as 'Castle Trust' in October 2012 with backing from leading US private equity firm J.C. Flowers & Co., initially offering investment products and specialist mortgage finance. As the business grew, it expanded its operations with the acquisition of Omni Capital Retail Finance in 2017, adding point of sale finance to its range of services. In 2020 it became a fully authorised bank and was subsequently renamed ‘Castle Trust Bank’.
Nick Bennett, Chief Technology and Operations Officer at Castle Trust Bank said, "We are excited to be partnering with Flagstone to offer our products through their market leading digital savings platform. Flagstone has access to a wide range of distribution channels, and we look forward to utilising these channels to grow our deposit base."
For banks that want to reduce their cost of funds by raising deposits, we are becoming the cash deposit platform of choice due to our scale and breadth of distribution channels, and lack of additional fees.
If you are interested in partnering with Flagstone and would like further information on how we can assist you with your funding requirements, please contact a member of our Banks Team on the details provided below.
Mark Hicks, Bank Relationship Director
Zach Brookmier, Bank Relationship Director
Aman Rai, Relationship Manager