No Derybshire or Cheshire windfalls

It now looks likely that the members of both the Derbyshire and Cheshire building societies will receive no windfall payments even though they have affectively being taken over by the Nationwide.

According to the Nationwides website "in order to preserve capital within the enlarged Nationwide for the benefit of its combined membership there will be no distribution to Derbyshire's or Cheshire's members. Members of The Derbyshire and The Cheshire will benefit from the security of joining the UK's largest building society".

The days of the carpetbagger which looked as though it might make a revival after the Nationwide merged with the Portman now looked completely unlikely to reappear.