Nationwide confirms merger talks
Sunday 7th September 2008, 5:54PM BST.
Nationwide has confirmed it is in merger talks with The Derbyshire and The Cheshire building societies.
The UK’s largest building society said in a statement it is in “advanced discussions” with its smaller rivals.
Swindon-based Nationwide made the announcement after the Sunday Telegraph reported on the deal.
In a statement, Nationwide said: “Further to coverage in today’s media, the board of Nationwide Building Society can confirm that it is in advanced discussions with The Derbyshire and The Cheshire Building Societies over the terms of independent and proposed mergers.
“Further announcements will be made once those discussions have concluded.”
Last year, Nationwide took over Portman building society, creating the second largest retail mortgage lender and the second largest retail savings provider in the UK.
The combined group now has assets of around £179 billion.
The Telegraph said the Derbyshire talks were more advanced than those of The Cheshire Building Society.
Shropshire Star on Twitter
Keep updated with the latest breaking news and content on our Twitter feed.
Lifestyle
Interactive Dining Out map
Hundreds of reviews by the Shropshire Star and Express & Star's teams to help you decide where to eat.
Entertainment
All the film reviews
Before you plan a trip to the pictures, get our critics' verdicts on all the latest movie releases.
OUR NEW APP
Get the new Shropshire Star app
Download the Shropshire Star’s new app to your iPad or iPhone to get one week of access to our digital newspapers absolutely FREE.
shropshirestar.com
Popular sections
Useful links
