Scarborough Building Society
From Wikipedia, the free encyclopedia
Scarborough Building Society was a UK building society, which had its headquarters in Scarborough, North Yorkshire, England. It was a member of the Building Societies Association. On 30 March 2009 the building society merged with the Skipton Building Society and subsequently operated under the Skipton brand.
 | |
| Type | Building Society (Mutual) |
|---|---|
| Industry | Banking Financial services |
| Founded | 1846 |
| Defunct | 30 March 2009 |
| Successor | Skipton Building Society |
| Headquarters | Scarborough, England, UK |
| Key people | John Carrier, Chief Executive |
| Products | Savings, Mortgages, Investments, Insurance, Financial Planning |
£6.5 million GBP (April 2008),  36.7% on 2007 | |
| Total assets | £2.9 billion GBP (April 2008), 24.1% on 2007 |
History
The Society was founded as The Scarborough and North and East Yorkshire Permanent Building and Investment Society in May 1846.[1]
In November 2008, its assets exceeded £2.8 billion, making it the 17th largest building society in the UK.[1]
Due to "difficult trading conditions", the Scarborough Building Society approached the Skipton Building Society, which agreed to a merger under the Skipton brand, in late 2008.[2][3]