The timetable for the merger of three South Island financiers was set yesterday, with the new bank aiming to be trading from the beginning of January 2011.Pyne Gould Corp, Canterbury Building Society and Southern Cross Building Society plan to merge. Their shareholders and members will vote on the scheme in November. PGC will hold a 71 per cent interest in what for now is being called Building Society Holdings Ltd. Members of CBS and SCBS will each hold 14.5 per cent of shares.A little more than one quarter of its lending base and more than one third of its deposit base is centred in the earthquake-hit Canterbury region.