Business expansion
United Kingdom
North East; Tees Valley and Durham;
Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64 - Financial service activities, except insurance and pension funding

140 jobs
Number of planned job creations
Job creation
Announcement Date
18 July 2014
Employment effect (start)
18 July 2014
Foreseen end date
30 June 2015


New entrant into the UK retail banking sector, Atom will create 140 new jobs by the middle of 2015. The bank has plans to expand and to create up to 400 jobs. The bank will offer customers a range of personal and business banking products. It will operate entirely as a digital bank, meaning there will be no branches with all banking to be done by customers using their smartphones or computers.  Atom currently has a management team of around twenty and the announcement of the creation of the new jobs follows a decision by the management to locate the head office in Durham.

Locating the business in Durham was chosen ahead of five other potential locations across the north-east of England. Durham was chosen because of its location on the rail network, being home to a high-ranking university and the city's reputation for being a good place to work and live. The bank has received support from the Durham County Council, including the Council vacating the premises where the bank will be headquartered. The bank has said that it will look to recruit the necessary specialist staff from Durham, Leeds, Newcastle and London.



Eurofound (2014), Atom Bank, Business expansion in United Kingdom, factsheet number 77333, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77333.