Coventry Building Society to acquire The Co-operative Bank for £780m.

Coventry Building Society, a building society based in Coventry, England, is set to acquire The Co-operative Bank, a provider of personal banking services, for £780m. "By bringing together Coventry Building Society and The Co-operative Bank we will be able to deliver more value to more people in the coming years. I am excited about the opportunities that lie ahead, most importantly, our ability to sustain the great value and outstanding service that matters most to our members," Steve Hughes, Coventry Building Society CEO.