Ross McDonald August 5, 2023 mergers Shawbrook vies for £3.5bn Co-operative Bank merger Ross McDonald August 5, 2023 mergers Co-operative Bank exploring trade sale, potentially to a private equity owned bank. Co-operative Bank (GBP20 billion assets, GBP130m pre-tax profits, 2.7m customers) was demutualized from Co-Op Group in 2017.