Staffordshire members get payout in Portman merger

Members of Staffordshire Building Societies should receive a minimum payout of at least £100 if approval is given for its merger with Portman Building Society. Trading as one group, the main operation will be named Portman Building Society by the end of the year but "The Staffordshire", as it will be known, will remain as a name in that particular region. It should produce a mutual society of over with assets under management worth £13.3bn with over 150 branches, almost 2,000 staff, and 1.25m members. Staffordshire members should receive details of the deal by mid-August alon...