HBOS picks business banking panel

Eversheds, Gateley Wareing and Lee Crowder have been appointed to Halifax Bank of Scotland’s (HBOS) business banking panel for the West Midlands region after successfully competing in a beauty parade.
The panel, which will act on transactions where HBOS is lending up to £10m to corporate or business clients, is understood to be the first of its kind in the region. Before HBOS established the system, it instructed a number of firms to advise on smaller-end deals on an ad hoc basis. The panel went live in the summer.
The line-up is being run out of HBOS’s Chester office, although firms will report to business development managers based in local branches on a day-to-day basis.
Recently, HBOS appointed Watford-based firm Matthew Arnold & Baldwin as a preferred firm for transactions of up to £25m after a similar tender process.
Last year, the Halifax arm of HBOS finalised a separate and specialised list of firms for repossession litigation comprising DLA, Shoosmiths, Walker Morris and Wragge & Co.