David Fishwick, a Burnley businessman who has made millions as the biggest minibus supplier in Britain, is so fed up with the way that the banks are treating people he’s decided to open his own tiny bank to serve his local community in Burnley and help the people the banks have turned down.
Dave’s plan is to open an old fashioned bank and be a hands-on bank manager giving good rates to borrowers and savers alike. Instead of bankers’ bonuses, Dave plans for any profits to go to local charities, but he soon discovers that this simple plan is not as straightforward as he thought it would be.
Watch here the Channel 4 programm with Dave.
In a unique model, that links savers in his home town earning paltry interest on their deposits with local businesses starved of cash, Fishwick has opened “Bank of Dave”. It’s already lending £25,000 a week, with hundreds of happy local customers and many more on the waiting list, according to the Guardian, 6th July 2012
