Why we are staying with the Co-op Bank
When Save Our Bank was set up the Co-operative Bank was in crisis. A rescue bid left the bank in mostly private hands - just 20% stayed with the former owners, The Co-operative Group. Soon there were the revelations about Paul Flowers that added to the sense of crisis.
Many customers decided that they no longer believed in the bank. They didn't trust it to stick to its principles. They wanted a co-operative bank, owned by its customers rather than hedge funds. And they left in large numbers.