 In July 2010 JC Flowers announced its intention to purchase a stake of Kent Reliance, forming OneSavings plc.The transfer of the business of the society to OneSavings was approved by a majority of members in November 2010.Kent Reliance Building Society converted into a provident society, Kent Reliance Provident Society, which owns a 59.9% stake in OneSavings Bank, with
JC Flowers owning the remaining 40.1%.