Members of the Norwich and Peterborough Building Society (N&P) with savings or borrowing accounts have voted in favour of a proposed merger. The deal with the Yorkshire is expected to go ahead by November this year.

Of those eligible to take part 89.61% of savers and 87.22% of borrowers voted in favour of the merger. Chairman Gordon Horsfield said members had recognised the benefits of the merger which would create an institution able to compete with banks.
"The financial services market has changed fundamentally since the credit crunch began," Mr Horsfield said.

"If the needs of customers for a broad range of financial services are to be met, so as to provide a real mutual alternative to the banks, scale is important to....Read more Here---> BBC News - Members agree Yorkshire and NP building societies merger