Members of Britannia Building Society have signalled their desire to keep its mutual status by returning all four pro-mutual directors standing for re-election with overwhelming majorities.
Chief executive Neville Richardson, managing director of member business Tim Franklin and non-executive directors, Lord Tom Sawyer and Francis Gugen were re-elected with at least 370,000 votes out of 399,865 received.
More than 27 per cent of Britannia members returned voting forms at the society's annual meeting. Votes included more than 69,000 from former Bristol & West customers, eligible to vote for the first time following the society's acquisition in September.
Britannia chairman Ian Adam said: "I am delighted that 22.4 per cent of our newest members, who only joined Britannia in September 2005, already feel strongly enough to vote in favour of mutuality.
"This is our members' opportunity to have a say in how their society is managed and they continue to demonstrate their belief that mutual ownership is right for Britannia and right for them."
The Leek-based society will donate 10p for each vote cast to children's charity CLIC Sargent, raising £39,986.