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Regulator confirms Lambeth/Portman merger

The Financial Services Authority has ratified the merger of the Lambeth Building Society with the Portman Building Society.

The merged society will remain a mutual and will run under the name Portman Building Society from the end of Setpember.

Lambeth chief executive Chris Radford said in May: “The Lambeth is a strong business that offers excellent products and service to its members and this merger means they can look forward to continued value in the future.

Our merger brings together two first class organisations and means our members and staff can look forward to the future with the confidence that belonging to a larger group offers.

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