Portman BS or Staffordshire BS payout?


N

noname

I understand the Portman BS and the Staffordshire BS have now become one?

Has either of the above made any payments due to their partnership and if
so, how much?

Alternatively, are they going too, or have they de-mutualised?

Thanks in advance for any answers.
 
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J

john boyle

noname said:
I understand the Portman BS and the Staffordshire BS have now become one?
Yes. 1/1/04
Has either of the above made any payments due to their partnership and if
so, how much?
Yes. A merger bonus will be sent by cheque in mid-January to qualifying
borrowers and savers of the Staffordshire. Each qualifying member of the
Staffordshire will receive a minimum pre-tax merger bonus of £100,
maximum £2,500. Details of the bonus arrangements were sent to eligible
members in August.

For the Portman A merger bonus will be paid to Qualifying Shareholding
Members and Qualifying Borrowing Members. The bonus to Qualifying
Shareholding Members will be subject to a minimum bonus of £100
(pre-tax) and a maximum bonus of £2,500 (pre-tax). The bonus to
Qualifying Borrowing Members will be £200 (pre-tax).
Alternatively, are they going too, or have they de-mutualised?
No, they are building societies.

Just out of interest, why didnt you google. I got the above with
'staffordshire Portman Building Society Merger'
 
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