FSA approves Yorkshire and N&P merger

The Financial Services Authority has confirmed that the merger of Yorkshire and Norwich & Peterborough building societies is to go ahead.

The proposed merger was announced in April this year and will complete on November 1 2011.

The merged society will be known as Yorkshire Building Society, which will retain its position as the second largest society in the UK with approximately three million members and 224 branches.

The N&P name will be retained as a distinct brand within the Yorkshire.