Co-operative Permanent Building Society
From Wikipedia, the free encyclopedia
 | |
| Company type | Building Society (Mutual) |
|---|---|
| Founded | 1884 |
| Defunct | 1970 |
| Fate | Change of name |
| Successor | Nationwide Building Society |
| Headquarters | London, United Kingdom |
The Co-operative Permanent Building Society was a mutual building society, providing mortgages and savings accounts to its members. Its head office was located at New Oxford House in London.[1] In 1970, it was renamed the Nationwide Building Society.
Transfers of engagements
The Southern Co-operative Permanent Building Society was formed in 1884, initially to provide a service to the members of the co-operative movement, enabling them to own their own properties. To begin with the Society built the houses but soon changed its direction to lend money to members for them to build their own or purchase existing properties. Competition soon began between societies and members from outside the movement joined.[2]
Through rapid expansion and strategic planning the Society soon grew to become a major competitor and by 1943 it was fifth largest in the United Kingdom with assets of £32,724,112.[3]
In 1970, it was renamed the Nationwide Building Society.[4]
| Date | Society | Assets | Ref. |
|---|---|---|---|
| 1918 | Bournemouth, Hants & Dorset Building Society | — | [5] |
| June 1942 | Whitehall Building Society | £141,671 | [3] |
| September 1942 | Southampton & South Hants Building Society | £130,566 | [3] |
| October 1942 | The Institute Permanent Benefit Building Society | £242,225 | [3] |
| December 1942 | Finsbury Building Society | £430,029 | [3] |
| December 1942 | Nineteenth Building Society | £313,612 | [3] |
| February 1943 | Wandsworth Building Society | £334,603 | [3] |
| February 1943 | Kensington Permanent Benefit Building Society | £84,538 | [3] |
| February 1943 | Great Torrington Building Society | £217,275 | [3] |
| June 1943 | Bournemouth Working Men's Building Society | £66,236 | [3] |
| November 1943 | Lombardian Permanent Benefit Building Society | £75,171 | [3] |
| April 1944 | Western Equitable Permanent Mutual Benefit Building Society | £20,540 | [3] |
| May 1944 | Thames Estuary Building Society | £303,311 | [3] |
| February 1945 | Picadilly Permanent Building Society | £30,485 | [3] |
| July 1946 | Rock (Llanelly) Permanent Building Society | £33,795 | [3] |
| April 1947 | Middlesex Building Society | £14,515 | [3] |
| October 1951 | Empire Benefit Building Society | £93,999 | [3] |
| February 1956 | Exeter Benefit Building Society | £3,624,142 | [3] |
| September 1956 | Merthyr & Dowlais Permanent Benefit Building Society | £14,684 | [3] |
| June 1958 | Scottish Amicable Building Society | £22,578,901 | [3] |
| September 1963 | British Co-operative Building Society | £21,046 | [3] |
| June 1966 | Coleraine Building Society | £301,539 | [3] |
