The Nottingham and Shepshed building societies have announced plans to merge in July, but there will be no windfall for members. The Shepshed will add three branches to the 31 held by the Nottingham and will take the larger society's name. These three branches would stay open for at least three years and there would be no compulsory job losses owing to the merger, the societies said. However, no bonuses would be paid to those who save with them. Some mergers in earlier years resulted in a windfall for members. The Shepshed Building Society was established in 1879 and has branches in Shepshed, Loughborough and Ruddington. At the end of 2011, it had assets of £93m and 7,000 customers....Read more here: BBC News - Nottingham and Shepshed building societies to merge