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Britannia Building Society
Britannia Building Society is to relocate almost 250 CFS mortgage processing jobs from Bristol, London and Stockport to Leek, while 80 customer service jobs will transfer from Leek to Stockport.
The Britannia Building Society is planning to merge with Manchester-based Co-operative Financial Services, creating a combined mutual society with 12,000 staff at 300 branches and 20 corporate banking centres.
Britannia Building Society is to acquire 97 Bristol & West bank branches from Bank of Ireland in a £150m deal, and about 32 branches are expected to close with the rest being rebranded as Britannia.
Britannia Building Society is to create 100 new jobs in Staffordshire, following a rise in demand for mortgage products.
Britannia Building Society is to relocate its mortgage processing centre and up to 70 staff from Hanley to its headquarters in Leek this summer.
Britannia Building Society has acquired Platform Home Loans for £55m, in order to move into the market for non-conforming mortgages.
Britannia Building Society is looking to set up branch-sharing agreements with other mutuals, following the recently-announced deal with Yorkshire Building Society.
Britannia Building Society has sold its life assurance business and 75% of its asset management division to Britannic, in a £346m deal.