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Portman lifts freeze on new accounts

The Portman Building Society has opened its doors to new savings account business from people in its catchment area.


New account openings had been put on hold to stave off what Portman believed were speculative account openings from carpetbaggers.


Portman chief executive Ken Culley says: &#34The decision to re-open for new business has been taken as I believe that the wave of speculative account opening which we were experiencing has receded.&#34

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