Scarborough Channel Islands and Skipton Guernsey to merge

The enlarged Guernsey deposit taker will be called Skipton Guernsey Ltd. Existing customers of both entities will be offered similar or better terms on their current savings and mortgage accounts, it said. Subject to local board and regulatory approval, the businesses are expected to be fully integrated in 2009, until when, both businesses will use their respective offices. No compulsory staff redundancies are anticipated as a consequence of this. Alan Bougourd, managing director of Skipton Guernsey, said the merger is good news for both businesses’ customers. “Both our companies are ...