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Even then, Citibank does not plan to establish an extensive branch network.
Abbey National hopes to use its extensive branch network to sell Scottish Provident's products, as well as those of Scottish Mutual, a life insurer it acquired in 1992.
Given its extensive branch network and large market share, the public's 82% stake represents a unique opportunity to set the UK's banking sector on a better path.
Mitsubishi Tokyo, which many analysts say is the strongest of Japan's top banks, is considering the buyout as a way to gain access to UFJ's extensive branch network, according to a report in Nihon Keizai Shimbun.
In a statement, Chevy Chase Bank said it was "committed to providing all of its customers with the best in banking convenience as evidenced by an extensive branch network, A.T.M. network" and a daily telephone contact center.
The Office of Fair Trading's review of barriers that may stop new banks being set up is also looking at how important an extensive branch network is to running a successful bank.
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The review is asking how important it is for new banks to have extensive branch networks and look at the differences between banking in Wales, Scotland, England and Northern Ireland.
Any loosening would be especially severe for smaller lenders that cannot compete against the extensive branch networks of China's giant state banks.
SBP's is a story of building massive French retail muscle by putting together the extensive branch networks maintained by BNP and SocGen.Whatever its impact on shareholders, the campaign has certainly made the participants short-tempered.
Moreover, over $330bn in deposits is held by UK banks via extensive branch networks in the crown dependencies, making these deposits a vital contributor to the capital strength of Barclays, Royal Bank of Scotland, Lloyds, HSBC and other large financial firms in the City of London.
It has paid off: they are now in Harrods, Selfridges and Lakeland stores, and Britain now provides a quarter of Corsini's sales.Western Europe's other big economies have a more consolidated grocery business, and each has at least one giant supermarket chain with extensive branch networks outside its home country, such as Tesco (Britain), Aldi (Germany), Carrefour (France) and Dia (Spain).
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