Dunfermline Building Society
From Wikipedia, the free encyclopedia
 | |
| Company type | Building Society (Mutual) |
|---|---|
| Industry | Financial services |
| Founded | 1869 |
| Defunct | 2014 |
| Headquarters | Dunfermline, Scotland, UK |
| Products | Savings and Mortgages |
| Parent | Nationwide Building Society |
| Website | www.dunfermline.com |
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.[1] It was a member of the Building Societies Association.
On 28 March 2009, reports indicated the Society was no longer viable, and would be put up for public sale, to be managed by the Bank of England.[2] This process led to acquisition of the Society's branches, good loans and deposits by the Nationwide Building Society with the Bank of England assuming control of £1bn in commercial lending and the Society's poorer-quality and shared ownership mortgages.[3]
