{"id":493,"date":"2012-08-15T13:56:54","date_gmt":"2012-08-15T13:56:54","guid":{"rendered":"http:\/\/www.the-finance-zone.co.uk\/?p=493"},"modified":"2012-08-15T13:56:54","modified_gmt":"2012-08-15T13:56:54","slug":"century-and-the-scottish-building-society-merge","status":"publish","type":"post","link":"https:\/\/the-finance-zone.co.uk\/index.php\/2012\/08\/15\/century-and-the-scottish-building-society-merge\/","title":{"rendered":"Century and the Scottish Building Society merge"},"content":{"rendered":"<p>The Scottish Building Society, one of the country&#8217;s oldest mutuals, has announced plans to merge with the smallest, Edinburgh&#8217;s Century.<br \/>\nBoth societies have their head offices in Edinburgh.<\/p>\n<p>The Scottish has six branches as well as a network of agents and \u00a3375m of assets, while Century has no branches and \u00a325m of assets.<br \/>\nJointly the two societies will have more than 40,000 members. The deal has to be approved by regulators. The bigger society will retain the name Scottish Building Society and Century&#8217;s Edinburgh office will close. <\/p>\n<p>Alexa Henderson, chairman of Scottish Building Society, said &#8220;The members of both societies will benefit from the financial strength of the combined society and the Scottish will continue to operate as it always has &#8211; a traditional building society.&#8221; It is unclear what will happen to the six staff at Century.<\/p>\n<p>Source: http:\/\/www.bbc.co.uk<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Scottish Building Society, one of the country&#8217;s oldest mutuals, has announced plans to merge with the smallest, Edinburgh&#8217;s Century.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[2],"tags":[],"class_list":["post-493","post","type-post","status-publish","format-standard","hentry","category-banking"],"_links":{"self":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/493","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=493"}],"version-history":[{"count":0,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/493\/revisions"}],"wp:attachment":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}