(My Original Blog Post: http://ping.fm/zC0TL)
Coventry Building Society has held talks with Stroud & Swindon over a possible merger.
Both Societies are mutuals. A merger between Coventry,which is the third largest building society in the UK, and Stroud and Swindon , which is much smaller rival will create an organisation with £21 billion of assets and 1.2 million customers.
Stroud and Swindon have confirmed that talks are at a very early stage.
Stroud has £3 billion in assets with 265,000 members.
Coventry have recently reported pre-tax profits of £56.2 million.
Consilium Asset Management are Financial Advisers based in Bristol
