Subject to regulatory approval, Skipton Guernsey and Scarborough Channel Islands are expected to amalgamate at the end of September this year to form a single specialist savings and mortgage bank on Guernsey.
As is the case now, savers in the new combined Guernsey bank will be reassured to know that the local entity is a subsidiary of the fifth largest Building Society in the UK, with approximately 860,000 members, backed by over £16bn of assets.
