N&P confirms merger interest rumours

In a statement this afternoon the building society said it was keeping the offers "under review". Yorkshire Building Society is rumoured to be one of those which have approached N&P. It bought Chelsea, the UK's fifth biggest building society, earlier this year. N&P chief executive Matthew Bullock has already said US private equity fund JC Flowers has been in touch. The US company has already promised to pump £50m into Kent Reliance Building Society. "Like other responsible organisations, the board continually keeps under review, with its long-standing advisers, Fenchurch, all op...