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Nottingham and Shepshed merger completed

Nottingham and Shepshed merger completed

Category: Banking

Updated: 02/07/2013
First Published: 02/07/2013

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Nottingham Building Society and Shepshed Building Society have successfully merged, just over six months after announcing their intentions to amalgamate.

Members of Shepshed Building Society voted in favour of merging with its fellow mutual in April, with final approval passed by financial regulators last month.

The process of merging reportedly took sooner than anticipated, with the integration of systems and customer data completed by the end of last week.

Commenting on the merger, David Marlow, chief executive of Nottingham Building Society, said he was delighted to welcome the staff and customers of Shepshed Building Society to the Nottingham "family".

"We committed that there would be no compulsory redundancies as a result of the merger, and we have achieved this through individual consultation with staff at the Shepshed, giving staff the opportunity to continue their careers as part of The Nottingham family," he said.

"Having completed the merger so smoothly, our focus is now on providing all our customers with the same excellent, friendly service and good value products that we pride ourselves on."

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