Clydesdale and Yorkshire Banks, UK subsidiaries of National Australia Bank, are to launch a financial solutions centre in Lincoln which will provide private banking among its services.

The new centre will provide an integrated business and agri-business service and private banking, along with specialist offerings such as asset and invoice finance. The FSC will also be home to a local credit executive and an independent financial advisor.

"The launch of an integrated financial solutions centre in Lincoln is a significant step for Yorkshire and Clydesdale Banks and one that can benefit the diverse range of mainstream and agri-businesses throughout Lincolnshire,” siad Chris Ibbotson, who will be managing the centre.

The centre, which is due to open in February, will be branded dually under the Clydesdale and Yorkshire names and will have around 15 staff.

Clydesdale Bank joined the NAB Group in 1987; Yorkshire Bank joined in 1990.