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Co-op Bank poaches new chairman from Paragon Banking Group

Co-operative Bank Plc appointed Bob Dench as its new chairman, effective March 14.

Dench will join Co-op Bank from Paragon Banking Group Plc, where he held the same role since 2007.

He will succeed Dennis Holt, who is retiring in May after serving as Co-op Bank's chairman since October 2014.

Paragon Banking Group said separately that a search for Dench's replacement, both internally and externally, is underway.