The bank’s first store will open in Holborn, London next month followed by a branch in South Kensington in London later this year.
The next two are planned for Fulham Broadway, London and Borehamwood, Hertfordshire with plans for a network of more than 200 stores in Greater London over the next ten years.
The opening of the Holborn branch follows the Financial Services Authority’s decision to grant Metro Bank a banking licence in March.
Metro Bank is currently using the strapline “love your bank” and aims to distinguish itself from high-street rivals by opening longer and on weekends, as well as on the quality of its customer service.
It was set up by Financial Services Forum chief executive Anthony Thomson and Commerce Bank founder Vernon Hill, who will be vice-chair. Both Thomson and Hill will be non-executive directors.
Thomson, who will be a guest speaker at The Annual, Marketing Week’s new flagship conference on 29 September, says: “We have been preparing for this day for a long time and are delighted it’s finally here. We plan to offer our customers a great retail experience, and we want to make banking fun for everyone.”