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Leek wins mutual vote

Murray Financial has been defeated in its bid to turn Leek United building society into a bank.


Nearly 23,000 members of Leek voted to reject the move to demutualise. Pro-mutuality campaigners claimed the vote was the “final blow to a highly unsuccessful carpetbagging outfit.”


Murray Financial chief executive Ken Murray said: “Members have missed out on a windfall and a better future for their society.” The company are now looking for new mutual sector targets.


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