News

March 17, 2025

OakNorth acquires Community Unity Bank and signals further US expansion

It comes after the UK-based SME neobank reported its eighth consecutive year of profitability earlier in March

Tom Nugent

2 min read

UK-based neobank for SMEs OakNorth has acquired US-based Community Unity Bank (CUB), which provides small business lending, in an all-share deal. 

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Tom Nugent

Tom Nugent is Sifted’s managing editor. He covers robotics, chips and university spinouts. Follow him on X and LinkedIn

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