The proposed merger of Shepshed Building Society and Nottingham Building Society will go ahead thanks to financial regulatory approval.
The Prudential Regulation Authority (PRA) confirmed its approval of the merger, scheduled to go ahead on 1 July this year, following an application by both building societies on April 23 this year.
Changes due to occur as a result of the merger, include:
David Marlow, chief executive of Nottingham Building Society, said he believed the merger would be of benefit to members of both mutuals.
"The announcement by the PRA today is one of the final steps in our merger with the Shepshed in the run up to our anticipated completion date of 1st July," he said.
"We are very much looking forward to welcoming members and staff of The Shepshed to The Nottingham Group."
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