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West Brom in move to double size

West Bromwich Building Society is hitting the acquisition trail in a bid to double in size over the next four to five years.

The society says it is in discussions with potential suitors but is still keen to speak to others, particularly smaller societies.

It says it wants to double its size over the next four to five years through organic growth and acquisitions.

It is looking for a business that will complement its own offering and is ruling out hostile takeovers, saying it would rather work with future subsidiaries than merely subsume them.

Chief executive Andrew Messenger says: “The market is not over-receptive as everyone wants to plough their own field. But when the housing market starts to slip, we hope that there will be a greater response.”

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