Saffron Building Society
Regional building society in the East of England
From Wikipedia, the free encyclopedia
The Saffron Building Society is a regional building society which has branches and agencies in the East of England, spanning Essex, Hertfordshire and Suffolk. It is a member of the Building Societies Association.
| |
| Type | Building society (mutual) |
|---|---|
| Industry | Banking and financial services |
| Founded | January 1849 |
| Headquarters | Saffron Walden, England, UK |
Number of locations | 8 |
| Key people | Nick Treble,[1] Chairman Colin Field,[1] Chief Executive Officer |
| Products | Savings, mortgages, investments, loans, insurance |
£3.1 million GBP (December 2007),  84.6% on 2006 | |
| Total assets | £784 million GBP (December 2007), 10.4% on 2006 |
Number of employees | 181 |
| Website | www.saffronbs.co.uk |
History
Saffron Building Society was established in Saffron Walden, Essex, in 1849.[2] It began life as the Saffron Walden Second Building Society and was founded by the Revd John Marten, who became the first Secretary.[3]
The society acquired the Saffron Walden and Essex Mechanics Permanent Building Society in 1968.[4] It then bought Royston & District Building Society and became the Saffron Walden & District Building Society in 1972.[4] It merged with the London and Essex Building Society (previously North Bow & Manor Park) and became the Saffron Walden & Essex Building Society in 1979.[4] After that, it merged with the Herts & Essex Building Society based in Bishop's Stortford and became the Saffron Walden, Herts & Essex Building Society in 1989.[4] Finally, it changed its name to Saffron Building Society in 2006.[5]
In 2019, it closed branches in Sawbridgeworth, Great Dunmow and Frinton, reducing its network to eight branches in Bishop's Stortford, Brentwood, Colchester, Halstead, Haverhill, Royston, Saffron Walden and Ware.[6][7]
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