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FSA confirms Yorkshire and Norwich & Peterborough Building Societies merger to go ahead

Yorkshire and Norwich & Peterborough (N&P) Building Societies are pleased to announce that the Financial Services Authority (FSA) has issued its confirmation today (23 September) that the proposed merger between the societies may proceed. The merger will complete on 1st November 2011.

The merged Society will be known as Yorkshire Building Society, which will retain its position as the UK’s second largest building society. The enlarged Society will have approximately 3 million members and 224 branches and will be focused on the traditional building society business of residential mortgages and savings and will be principally retail funded. The N&P name will be retained as a separate and distinct brand within the Yorkshire, similar to the Chelsea and Barnsley brands.

The proposed merger was announced in April this year and received the approval of N&P’s saving and borrowing members who voted in favour of it at a Special General Meeting held in Peterborough on 22 August 2011.

  • The proposed merger was announced on 20 April 2011.
  • Of those members who voted at N&P’s Special General Meeting on 22 August 2011, 89.61% of eligible savers and 87.22% of eligible borrowers, voted in favour of the resolutions to merge with the Yorkshire.
  • To see the FSA confirmation announcement visit www.fsa.gov.uk.

23 September 2011


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Yorkshire Building Society is one of the largest building societies in the UK. We offer a range of financial products and services including: savings & investment accounts, insurance products, loans, mortgages and more.

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Yorkshire Building Society is authorised and regulated by the Financial Services Authority (FSA).