Woolwich votes for bank

CUSTOMERS of the Woolwich Building Society yesterday voted by a massive majority in favour of it converting to a bank

CUSTOMERS of the Woolwich Building Society yesterday voted by a massive majority in favour of it converting to a bank. Over 95 per cent of the savers and borrowers voted in favour of the conversion. The Woolwich published the details of its conversion proposals in January under which the society hopes to become a bank on July 7th, after which just over 2.5 million members will each get free shares worth an average of £1,233.

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