Article: Portman adds [pounds sterling]1bn to loan book with Sun bank deal. (News).(Portman Building Society)(Brief Article)(Statistical Data Included)

Portman Building Society has completed the [pounds sterling]95m acquisition of specialist lender Sun Bank from Sun Bank of Canada in a deal which adds almost [pounds sterling]1bn to the society's mortgage book.

Sun Bank, with 75,000 customers and total assets of [pounds sterling]1.2bn, will become the intermediary lending arm of Portman over the next few years as the society concentrates on direct business.

The society says Sun Bank will retain its branding and ...

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