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The concerns in Leigh are echoed in the wider co-operative movement, where some fear that the Co-operative Group is becoming estranged from mutual values.
As the Co-operative Bank passes to private investors, what does the future hold for the wider co-operative movement?
The resignation of group chief executive Euan Sutherland, Lord Myner's damning assessment of the Group's governance structure as well as reports that the Co-op Bank has made a £2.5bn loss, have left the Group – and the wider co-operative movement – reeling.
The current leadership of the group should reconnect with the wider co-operative movement.
And co-operative councils should have links with the wider co-operative movement.
Meanwhile, a new agreement on trade and wider co-operation might require ratification in some national parliaments.
And in March 2009, the wider Co-op group had completed its buy-out of Somerfield supermarkets.
Quite whether the bank's customers and the wider co-operative movement will accept this outcome is uncertain.
"In order to create this wider co-operation, we will start the necessary procedures and contacts soon," he told reporters outside the presidential palace.
Lee worries that the crisis at the group is bringing the wider co-operative movement, which includes independent retail co-ops and small businesses, down with it.
"What we are calling for is a dialogue between local authorities which are pioneering in this field, and the wider co-operative movement," he says.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com