Coventry Building Society has promised to “broaden” its national bank branch “footprint” amid its proposed takeover of Co-operative Bank.
The building society agreed to a merger deal with the bank for an estimated £780million, it was announced yesterday.
As part of the announcement, Coventry Building Society’s board outlined what this deal would mean for current and future members.
In the statement, the financial institution stated the it would “broaden the society’s channels and distribution capabilities including an enlarged, national branch footprint”.
This commitment to remaining on Britain’s high streets comes amid a wave of bank branch closures sweeping the UK.
Barclays, NatWest and Royal Bank of Scotland have been among the financial institutions to confirm closures in recent months.
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The building society has promised to “broaden” its national branch footprint if the takeover takes place
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