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 merger will complete on 1st November 2011.
