Swansea Building Society

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Swansea Building Society
Company type Building Society (Mutual)
Industry Banking
Financial services
Founded6 February 1923
Headquarters Swansea, Wales, UK
Key people
Stephen Maddock, Non-Executive Chairman; Alun Williams, Chief Executive; Nathan Griffiths, Director of Finance; Catherine Griffiths, Director of Risk and Compliance
Products Savings, Mortgages, Loans
£6.2m GBP (December 2023), Increase2.svg 14.9% on 2022
Total assets £607.0m GBP (December 2023), Increase2.svg 14.5% on 2022
Number of employees
80
Website www.swansea-bs.co.uk

The Swansea Building Society, is an independent mutual building society based in Swansea, Wales. It is a member of the Building Societies Association.

Contents

History

The Society was founded by local estate agent John Oliver Watkins in February 1923. [1]

Swansea Building Society benefited from the Icelandic financial crisis in 2009, as local savers looked to invest in a safer institution. The society opened a new branch outside Swansea city centre for the first time in its history. [2] In May 2010, the society launched a savings account in partnership with Swansea City A.F.C., earning the club additional revenue through commission. [3]

References

  1. ↑ "Son of Swansea Building Society Founder". The Western Mail. Retrieved 23 May 2020.
  2. ↑ "Building society profits from Icelandic crash". South Wales Evening Post. 29 April 2010. Retrieved 5 July 2010.
  3. ↑ "Swansea Building Society". Swansea City Football Club. Retrieved 5 July 2010.
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