YORKSHIRE Building Society today said it was open to discussions with potential merger partners.
Britain's fourth biggest building society, which grew from the Huddersfield Building Society and has several branches in the area, said it would consider any proposals from other "like-minded" societies.
Chief executive Iain Cornish said further consolidation in the sector was inevitable as societies faced increasing competition.
He said the Yorkshire would be an attractive partner due to its financial strength and proven track record for delivering benefits to its members.
Nationwide is the UK's largest building society followed by Britannia, Portman and the Yorkshire.
Mr Cornish was commenting as the Bradford-based Yorkshire unveiled improved figures for 2004. Mortgage lending rose 14.5% to £3.24bn. Savings inflow almost doubled to £375m with the arrival of 307,000 new savers. Operating profits rose 5.3% to £73.4m.