Nottingham BS & Shepshed to merge

Subject to Financial Services Authority (FSA) and member approval the merger is expected to be effective from 1 July next year. Shepshed customers will be able to use Nottingham's 31 branches after the merger and Shepshed's three branches will remain open for a minimum of three years. There will be no compulsory redundancies as a direct result of the merger and staff who currently work in the Shepshed's branches will continue in their roles. Nottingham is the ninth largest mutual in the UK, where Shepshed is the 44th in terms of asset size. David Marlow, chief executive of The N...