Coventry Building Society buys The Co-operative Bank for £780M, becoming a major UK lender.
Coventry Building Society has acquired The Co-operative Bank for £780 million, making it a top-ten UK lender with assets of £89 billion and serving about 4.5 million members and customers. The Co-operative Bank will continue to operate under its current name and no immediate changes to services are expected. The acquisition brings the bank back under mutual ownership and is led by David Thorburn, Steve Hughes, and Lee Raybould.
3 months ago
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