How does Lloyds-Co-op deal affect you?
The Co-operative Group says it has reached a deal that will lead to the biggest shake-up in high street banking in a generation.
It has agreed to buy the 632 branches being sold by Lloyds Banking Group.
Lloyds, which is 40% owned by the government, was ordered to sell the branches to comply with EU rules on state aid.
If the deal is approved by regulators, it will give the Co-op 1,000 high street branches and nearly 10% of the UK bank network.
Paul Lewis from Radio 4's Moneybox explains how customers will be affected.