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Nationwide to merge with Cheshire and Derbyshire societies

The UK's largest building society, Nationwide, is merging with two of it's smaller rivals the Cheshire and Derbyshire building societies. The Cheshire has 45 branches and 440,000 members, whilst the Derbyshire has 50 branches and 485,000 members. Following the merger Nationwide will have 16 million members. Both societies will keep their brand names and their branches under Nationwide.

(Sources: Times Online Telegraph.co.uk BBC.co.uk)

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08-Sep-2008 09:07:30

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23:14:08 08-JAN-2009

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