A building society is a financial institution owned by its members as a mutual organization, which offers banking and related financial services, especially savings and mortgage lending. They exist in the United Kingdom, Australia and New Zealand, and formerly in Ireland and several Commonwealth countries, including South Africa as mutual banks. They are similar to credit unions, but rather than promoting thrift and offering unsecured and business loans, the purpose of a building society is to provide home mortgages to members. Borrowers and depositors are society members, setting policy and appointing directors on a one-member, one-vote basis. Building societies often provide other retail banking services, such as current accounts, credit cards and personal loans. The term "building society" first arose in the 19th century in Great Britain from cooperative savings groups.
The Bank of Scotland plc is a commercial and clearing bank based in Scotland and is part of the Lloyds Banking Group. The bank was established by the Parliament of Scotland in 1695 to develop Scotland's trade with other countries, and aimed to create a stable banking system in the Kingdom of Scotland.
Halifax is a British banking brand operating as a trading division of Bank of Scotland, itself a wholly owned subsidiary of Lloyds Banking Group.
Falkirk is a town in the Central Lowlands of Scotland, historically within the county of Stirlingshire. It lies in the Forth Valley, 23+1⁄2 miles northwest of Edinburgh and 20+1⁄2 miles (33 km) northeast of Glasgow.
Marischal College is a large granite building on Broad Street in the centre of Aberdeen in north-east Scotland, and since 2011 has acted as the headquarters of Aberdeen City Council. However, the building was constructed for and is on long-term lease from the University of Aberdeen, which still uses parts of the building to store its museum collections. Today, it provides corporate office space and public access to council services, adjacent to the Town House, the city's historic seat of local government. Many Aberdonians consider Marischal College to be an icon of the "Granite City" and to symbolise the zenith of Aberdeen's granite-working industry.
The Britannia Building Society was founded as the Leek & Moorlands Building Society in Leek in 1856. It expanded steadily as a regional society until the late 1950s when it began a major expansion drive, partly through branch openings but also some 55 acquisitions. The most substantial of these were the NALGO Building Society in 1960; the Westbourne Park in 1965 ; and the Eastern Counties Building Society in 1974. The Society’s name was changed to the Britannia Building Society the following year.
The Portman Building Society was a mutual building society in the United Kingdom, providing mortgages and savings accounts to consumers and offering loans to commercial enterprises. Its head office was in Bournemouth and its administration centre in Wolverhampton. Portman merged with the Nationwide Building Society in August 2007, at which time it was the third largest building society in the UK and the largest regional building society in the south of England, with 154 branches and assets exceeding £15 billion.
Leeds Building Society is a building society based in Leeds, England. It serves approximately 719,000 customers across the United Kingdom, who together hold £9.9 billion in savings balances and is the fifth largest building society in the UK.
Chelsea Building Society is a trading name of Yorkshire Building Society based in Bradford, West Yorkshire. Chelsea merged with the Yorkshire in 2010, at which point Chelsea was the fourth largest building society in the United Kingdom, with assets in excess of £13 billion and 35 branches, mainly in the southern areas of England, particularly in London.
The Chesham Building Society was a building society based in the market town of Chesham in Buckinghamshire, England which merged with the Skipton Building Society in June 2010. Prior to the merger it was the 37th largest building society in the United Kingdom based on its total assets of £231 million. It was a member of the Building Societies Association.
Norwich & Peterborough Building Society (N&P) is a trading name of Yorkshire Building Society based in Bradford, West Yorkshire. Formed by the merger of the Norwich and Peterborough building societies in 1986, at the time of merger with YBS, it was the ninth largest building society in the United Kingdom, with assets in excess of £4.9 billion.
The Cheshire Building Society was a building society based in Macclesfield, Cheshire, England. It was the 11th largest building society in the United Kingdom based on total assets of £5 billion on 31 December 2007, prior to merging with the Nationwide Building Society, and was a member of the Building Societies Association. The Cheshire was acquired by Nationwide on 15 December 2008, which was as a result of its approach to the Nationwide in September 2008 regarding a possible merger due to its financial position.
The Royal Bank of Scotland plc is a major retail and commercial bank in Scotland. It is one of the retail banking subsidiaries of NatWest Group, together with NatWest and Ulster Bank. The Royal Bank of Scotland has around 700 branches, mainly in Scotland, though there are branches in many larger towns and cities throughout England and Wales. The bank is completely separate from the fellow Edinburgh-based bank, the Bank of Scotland, which pre-dates the Royal Bank by 32 years. The Royal Bank of Scotland was established to provide a bank with strong Hanoverian and Whig ties.
The Dunfermline Building Society was a building society and later a trading division of Nationwide Building Society, based in Dunfermline, Scotland. Before its 2009 merger with Nationwide, it was the largest building society in Scotland and the 12th largest in the United Kingdom based on total assets of £3.3 billion at 31 December 2007. It was a member of the Building Societies Association.
The Scottish Building Society is a building society based in Edinburgh, Scotland. It is the oldest building society in the world, the only independent building society based in Scotland and the 24th largest in the United Kingdom based on total assets of £431.4 million at 31 January 2020. It is a member of the Building Societies Association.
The City of Derry Building Society was a UK building society based in Derry, County Londonderry, Northern Ireland known until 2001 as the Londonderry Provident Building Society. It was a member of the Building Societies Association.
The Lambeth Building Society was a UK building society. It was founded in February 1852 as The Number Three Borough of Lambeth Permanent Benefit Building Society.
Aberdeen Asset Management was an international investment management group, managing assets for both institutions and private investors from offices around the world. Its head office was in Aberdeen, Scotland. The company was listed on the London Stock Exchange until 14 August 2017 when, as a result of a merger with Standard Life, it became a subsidiary of the renamed Standard Life Aberdeen.
Malcolm Fraser is an architect from Edinburgh, Scotland. He was the founder of Malcolm Fraser Architects, a firm of architects based in the Old Town of Edinburgh from 1993. The company entered liquidation on 21 August 2015 and Fraser worked with Halliday Fraser Munro Architects before setting up anew with Robin Livingstone as Fraser/Livingstone Architects in January 2019.
The Heart of England Building Society was a 1974 amalgamation of local building societies: the Warwick and Warwickshire; the Rugby; and the Walsall. Their only common feature was that they had remained very small for a century before beginning a limited expansion in the 1960s. However, the Heart of England grew to be the 25th largest society by 1993 when it was acquired by the Cheltenham and Gloucester Building Society.
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