Coventry Building Society bids £780m for Co-operative Bank - what could it mean for customers?

Coventry Building Society has put in an offer of £780 million to buy Co-operative Bank. When will the potential deal happen and what could it mean for customers?

A general view of a sign for the Co-operative bank at Cornhill on April 5, 2019 in London, England.
(Image credit: Getty Images)

Coventry Building Society (CBC) could potentially merge with Co-operative Bank in a £780 million deal after four months of being in talks. 

It comes as the building society agreed to the bank’s commercial terms yesterday (18 April).

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Vaishali has a background in personal finance and a passion for helping people manage their finances. As a former staff writer for MoneyWeek, Vaishali covered the latest news, trends and insights on property, savings and ISAs.

She also has bylines for the U.S. personal finance site Kiplinger.com and Ideal Home, GoodTo, inews, The Week and the Leicester Mercury.