 Shortly after his retirement, Banks was surprised by Eamonn Andrews for an episode of This Is Your Life. He later fronted a Leicester based hospitality company. He lost a significant sum of money when the business failed, but was helped out by Leicester City, who offered him a belated testimonial match. He was appointed as Stoke City's president following the death of Stanley Matthews. Since the 1980s he has been a member of the three man pool's panel.
