Buxton’s Lloyds TSB to go Co-operative

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The Buxton branch of Lloyds TSB is one of over 600 branches nationwide to be sold to the Co-operative Group.

The multi-million pound deal, announced this morning (Thursday), will see the Co-operative Group take over 632 Lloyds Banking Group branches.

Completion of the sale is expected before the end of November 2013 and will be conditional on, among other things, regulatory approvals from the Financial Services Authority FSA, HM Treasury and the European Commission.

The deal would see about 4.8 million Lloyds customers transferred to the Co-op, and the number of Co-op branches would increase to over 1,000.