The Bank of Dave in Burnley is a remarkable true story. Dave Fishwick, a local businessman, was frustrated with the big banks. So, he decided to start his own bank. His bank aimed to provide fair and accessible banking services to the local community. It was a grassroots effort that challenged the traditional banking model.
One of the main challenges was regulatory. Complying with all the banking regulations was tough for a small, local bank like Bank of Dave. Another was getting the trust of the wider public outside of Burnley. Many were skeptical of a new, small bank.