Portman Building Society are getting tough with carpetbaggers by expelling demutualisation ringleader Richard Yendall.
The society are describing his membership as not “appropriate” to the society's long-term aim of remaining mutual.
The move to expel the carpetbaggers.com spokesman leaves the other carpetbaggers vulnerable to the same fate and follows Portman's rejection of a member resolution to re-consider mutuality.
Yendall says: “I intend to fight this decision. For the sake of all building society members, the directors of Portman cannot be allowed to get away with this.”