Parr will join the bank’s Midlands and South team.

He joins from Aldermore Bank, where he was an assistant lending manager for just under three years.

Prior to this role, Parr worked at NatWest, initially within invoice finance before moving to commercial banking.

Jayne Follows, regional director of Midlands and South at Cambridge & Counties Bank, said: “Our aspirations are simple: to become the lender of choice for SMEs and the partner of choice for our brokers.

“As we start 2021, we are seeing strong demand for our competitive products, and with Stephen joining, we have further enhanced one of the most experienced teams in the Midlands and South markets.”

Parr added: “I’m delighted to have joined Cambridge & Counties Bank as it looks to expand at this key time.

“The bank has continued to offer highly competitive financing and a superior service-led proposition, and I look forward to building relationships with new and existing brokers to help our clients achieve their business goals.”