The group confirmed it also plans to extend its legal services across all 330 high street branches of the Co-operative Bank and Britannia Building Society.
BBC: Co-op to create 3,000 new legal jobs across England
The Co-operative bank merged with the Britannia building society, which has its headquarters in Leek in Staffordshire, in 2009.
BBC: Britannia Building Society
In 2009, the Britannia Building Society announced it would merge with Co-operative Financial Services.
BBC: The Co-operative Banking Group to cut 187 jobs
The union representing workers at the Britannia building society has said it is "disappointed" that the Co-operative bank is to drop its name.
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