Who took over Walthamstow building society?

Who took over Walthamstow building society?

On 9 June 2009, it was reported that Lloyds Banking Group would close Cheltenham & Gloucester’s 164 branches in November of that year, at the cost of around 1,660 jobs….Mergers and acquisitions.

Building society Date merged/ acquired
Peckham Jun 1990
Walthamstow Oct 1990
Portsmouth Jun 1991
Bedford Crown Jul 1991

Which is the oldest building society?

Ketley’s Building Society
The first building society to be established was Ketley’s Building Society, founded by Richard Ketley, the landlord of the Golden Cross inn, in 1775.

Who is the biggest building society in the UK?

Building societies offer many traditional banking products and financial services such as mortgage lending, savings and current accounts. Nationwide is the largest building society in the United Kingdom (UK) with group assets worth approximately 248 billion British pounds in 2020.

What happened to the Woolwich building society?

About Woolwich Woolwich Building Society was re-branded to Woolwich in 1997. In August 2000, it was taken over by Barclays. As such, today, preexisting Woolwich mortgages are supplied Barclays. Owing to the legacy that the Woolwich name carried, Barclays kept the Woolwich brand alive for a further 15 years.

Who took over the Anglia building society?

Nationwide Building Society
Anglia Building Society

Type Building Society (Mutual)
Defunct 1987
Fate Merger
Successor Nationwide Building Society
Headquarters Northampton, United Kingdom

Who took over Cheltenham & Gloucester building society?

Lloyds Banking Group
C&G was bought by Lloyds Banking Group in 1995 when it was the 6th larges building society in the UK.

What are the disadvantages of building societies?


  • Building societies are not as secure as they have historically been. The choice of mutual is falling and failures have become more commonplace.
  • Many building societies have geographical restrictions.
  • Building societies often have a restricted choice of products.

What was Nationwide building society originally called?

One such building society was the Co-operative Permanent Building Society, which first opened its doors in London in 1884. Over the next 135 years, the Co-operative Permanent grew and merged with around 250 other building societies. In 1970, it changed its name to Nationwide.

Which is the safest Building Society in UK?

However, the two strongest are Santander (AA) and HSBC (AA-). Hence, according to S&P, your money is a little safer in these two global banks than in their four UK-based rivals….1. Credit ratings.

Bank S&P’s long-term rating
Nationwide BS A+ (Strong)
Royal Bank of Scotland A+ (Strong)

What is the best building society in the UK?

These are a few of the reasons Principality is ranked as one of the best building societies in the UK….Top 10 Building Societies in the UK | 2017 Ranking | Finding the Best UK Building Society.

UK Building Societies Highlighted Features
Nottingham Branch Instant

Is Bradford and Bingley still trading?

Nationalised due to insolvency. Its deposits were sold to Abbey National plc, which was eventually renamed Santander UK plc. Its mortgages are still held by Bradford & Bingley.

Who was Woolwich taken over by?

The Woolwich Equitable Building Society demutualised in 1997, giving up its mutual status to become a bank: Woolwich PLC was formed, giving shares to investing and borrowing members of the society, and listing on the London Stock Exchange. In August 2000, Barclays took over Woolwich PLC in a £5.4bn acquisition.

Is Nationwide a building society or bank?

Nationwide isn’t a bank We’re a building society, or mutual, owned by our members. That’s anyone who banks, saves or has a mortgage with us. We’re run for their benefit and to help the communities around us. We’re not run for shareholders in the same way that banks are.

Which banks are linked to Halifax?

Halifax (previously known as Halifax Building Society and colloquially known as The Halifax) is a British banking brand operating as a trading division of Bank of Scotland, itself a wholly owned subsidiary of Lloyds Banking Group.

When did Cheltenham and Gloucester join Lloyds?

C&G was founded in 1850 in Cheltenham, and was acquired by Lloyds in 1995.

How many building societies are there in the UK?

However, there are 49 ‘mutuals’, or building societies in the UK.

What are 2 advantages of building societies?

Owned by the members – members have a direct say in decision making. Works for the interests of the members, not of the shareholders and financiers. Often offers better saving and borrowing rates.

Where is the safest place to keep your money?

Savings accounts are a safe place to keep your money because all deposits made by consumers are guaranteed by the FDIC for bank accounts or the NCUA for credit union accounts. Deposit insurance for savings accounts covers $250,000 per depositor, per institution, and per account ownership category.

Is Nationwide Building Society in trouble?

ritain’s biggest building society, the Nationwide, today said profits crashed 40% last year to £469 million as it booked charges of more than £100 million for losses expected from the coronavirus. “In the last month of our financial year all our lives have been overshadowed by the coronavirus.