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Britannia Building Society
The Britannia Building Society was founded as the Leek & Moorlands Building Society in Leek in 1856. It expanded steadily as a regional society until the late 1950s when it began a major expansion drive, partly through branch openings but also some 55 acquisitions. The most substantial of these were the NALGO Building Society in 1960; the Westbourne Park in 1965 (becoming the Leek and Westbourne); and the Eastern Counties Building Society in 1974. The Society’s name was changed to the Britannia Building Society the following year. Following the acquisition of the Bristol & West in 2005, the Britannia became the second-largest building society in the UK (based on total assets of £36.8 billion) at 31 December 2007. It merged with The Co-operative Banking Group in 2009, and was legally dissolved as a separate organisation on 1 August that year; it has remained as a trading name of The Co-operative Bank ever since. In January 2013, the Co-operative announced that the brand wou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Building Society
A building society is a financial institution owned by its members as a mutual organization, which offers banking institution, banking and related financial services, especially savings and mortgage loan, mortgage lending. They exist in the United Kingdom, Australia and New Zealand, and formerly in Ireland and several Commonwealth countries, including South Africa as mutual banks. They are similar to credit unions, but rather than promoting thrift and offering unsecured and business loans, the purpose of a building society is to provide home mortgages to members. Borrowers and depositors are society members, setting policy and appointing directors on a one-member, one-vote basis. Building societies often provide other retail banking services, such as current accounts, credit cards and personal loans. The term "building society" first arose in the 19th century in Kingdom of Great Britain, Great Britain from cooperative banking, cooperative savings groups. In the United Kingdom, bu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NALGO
The National and Local Government Officers' Association was a British trade union representing mostly local government "white collar" workers. It was formed in 1905 as the National Association of Local Government Officers, and changed its full name in 1952 while retaining its widely used acronym, NALGO. By the late 1970s it was the largest British white collar trade union, with over 700,000 members. It was one of three unions which combined to form UNISON in 1993. Early history The National Association of Local Government Officers, or NALGO, was founded in 1905 as an association of local guilds of municipal officers. The main impetus came from Herbert Blain (1870–1942), later to become national agent for the Conservative Party. Blain had formed the first local guild in Liverpool in 1896 and, on moving to London, arranged the national conference in 1905 at which NALGO was formed. In 1909, the first full-time General Secretary, Levi Hill (1883–1961), was appointed, and by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Platform Home Loans
Platform may refer to: Arts * Platform, an arts centre at The Bridge, Easterhouse, Glasgow * ''Platform'' (1993 film), a 1993 Bollywood action film * ''Platform'' (2000 film), a 2000 film by Jia Zhangke * '' The Platform'' (2019 film) * Platform (art group), an interdisciplinary art group that researches the oil industry * Platform (Australian art group), an artists group based in Melbourne * ''Platform'' (novel), a 2001 novel by Michel Houellebecq Physical objects and features * Carbonate platform, a type of sedimentary body * Cargo platform, a pallet used to ship cargo and heavy machines by forklift or manual lift * Diving platform, used in diving * Jumping platform, naturally occurring platforms, or platforms made in an ''ad hoc'' way for cliff jumping * Oil platform, a structure built for oil production * Platform, a component of scaffolding * Platform (geology), the part of a continental craton that is covered by sedimentary rocks * Platform (shopping cente ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Britannia Building Society
The Britannia Building Society was founded as the Leek & Moorlands Building Society in Leek in 1856. It expanded steadily as a regional society until the late 1950s when it began a major expansion drive, partly through branch openings but also some 55 acquisitions. The most substantial of these were the NALGO Building Society in 1960; the Westbourne Park in 1965 (becoming the Leek and Westbourne); and the Eastern Counties Building Society in 1974. The Society’s name was changed to the Britannia Building Society the following year. Following the acquisition of the Bristol & West in 2005, the Britannia became the second-largest building society in the UK (based on total assets of £36.8 billion) at 31 December 2007. It merged with The Co-operative Banking Group in 2009, and was legally dissolved as a separate organisation on 1 August that year; it has remained as a trading name of The Co-operative Bank ever since. In January 2013, the Co-operative announced that the brand wou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Co-operative Permanent Building Society
The Co-operative Permanent Building Society was a mutual organization, mutual building society, providing mortgage law, mortgages and savings accounts to its members. Its head office was located at New Oxford House in London. (No. 141B) Financial Services Authority (retrieved 17 November 2009) In 1970, it was renamed the Nationwide Building Society. History Origins 1884 - 1900 The Southern Co-operative Permanent Building Society was formed in 1884 by a group of Co-operators including Thomas Webb (co-operator), Thomas Webb and Charles Cooper, initially to provide a service to members of the co-operative movement, enabling them to own their own properties. The early rules of the Society show that each member of the Society had one vote on resolutions at the ...[...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nationwide Building Society
Nationwide Building Society is a British mutual financial institution and the largest building society in the world. As of 2024, it serves over 16 million members and operates entirely for their benefit, without shareholders. The society was established through the consolidation of over 250 smaller UK building societies throughout the 20th century, making it one of the most significant mutual mergers in British financial history. Headquartered in Swindon, England, Nationwide offers a wide range of retail banking services including mortgage loan, mortgages, savings accounts, current accounts, credit cards, personal loans, and insurance products. Nationwide is one of the largest cooperative banking, cooperative financial institutions globally. As of June 2025, it reported total assets of £367.9 billion and employed 17,680 people. It operates 605 branches across the United Kingdom which is more than any other UK banking brand and it reaffirmed in 2024 its "Branch Promise" to main ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Co-operative Group
The Co-operative Group Limited, trading as Co-op and formerly known as the Co-operative Wholesale Society, is a British consumer cooperative, consumer co-operative with a group of retail businesses, including grocery retail and wholesale, legal services, funerals and insurance, and social enterprise. The group has its headquarters located at One Angel Square in Manchester, England. The Group also manages the Co-operative Federal Trading Services, formerly the Co-operative Retail Trading Group (CRTG). History Beginnings (1844–1938) The Co-operative Group has developed over the years from the merger of co-operative wholesale society, co-operative wholesale societies and many independent retail societies. The Group's roots are traced back to the Rochdale Society of Equitable Pioneers, established in 1844. The Rochdale Society of Equitable Pioneers was based on the Rochdale Principles – which notably introduced the idea of distributing a share of profits according to purcha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Co-operative Insurance Society
Co-op Insurance Services Limited, trading as Co-op Insurance, is a general insurance company which is part of the Co-operative Group, based in Manchester, United Kingdom. For most of its history, Co-op Insurance was also a life insurer and fund manager, sharing surpluses with holders of its 'with-profits' life policies, as well as with individual members of The Co-operative Group in proportion to their general insurance patronage. In 2013, Royal London Group agreed to buy the life insurance business unit for an estimated £219 million. As a result, Co-op Insurance currently offers business, home, motor, travel and pet insurance products. History The Co-operative Insurance Company Limited was formed in 1867 to provide fire and fidelity guarantee insurance to co-operative societies. In 1886, at an Annual General Meeting it was resolved "...that Life Assurance be undertaken by the Company, and that the shareholders forfeit any rights they may have to the profits of the Life De ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Building Societies (Funding) And Mutual Societies (Transfers) Act 2007
The Building Societies (Funding) and Mutual Societies (Transfers) Act 2007 (c. 26) (sometimes referred to as the Butterfill Act) is an act of Parliament of the Parliament of the United Kingdom. The act gives building societies greater powers to merge with other companies. Passage through Parliament The bill was introduced as a private member's bill by Conservative Member of Parliament Sir John Butterfill, originally titled the Financial Mutuals Arrangements Bill. It was also known as the Butterfill Bill. Mergers under the act There have been several high-profile mergers under the auspices of the act. In August 2009, Britannia Building Society merged with Co-operative Financial Services (part of The Co-operative Group). Britannia initially continued as a brand, although owned by the Co-op. In February 2011, Kent Reliance Building Society pooled its assets with American private equity Private equity (PE) is stock in a private company that does not offer stock to the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Demutualisation
Demutualization is the process by which a customer-owned mutual organization (''mutual'') or co-operative changes legal form to a joint stock company. It is sometimes called stocking or privatization. As part of the demutualization process, members of a mutual usually receive a "windfall" payout, in the form of shares in the successor company, a cash payment, or a mixture of both. Mutualization or mutualisation is the opposite process, wherein a shareholder-owned company is converted into a mutual organization, typically through takeover by an existing mutual organization. Furthermore, re-mutualization depicts the process of aligning or refreshing the interest and objectives of the members of the mutual society. The mutual traditionally raises capital from its customer members in order to provide services to them (for example building societies, where members' savings enable the provision of mortgages to members). It redistributes some profits to its members. By contrast ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Ireland
Bank of Ireland Group plc () is a commercial bank operation in Ireland and one of the traditional Big Four Irish banks. Historically the premier banking organisation in Ireland, the bank occupies a unique position in Irish banking history. At the core of the modern-day group is the old Governor and Company of the Bank of Ireland, the ancient institution established by royal charter in 1783. Bank of Ireland has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank. History Bank of Ireland is the oldest bank in continuous operation (apart from closures due to bank strikes in 1950, 1966, 1970, and 1976) in Ireland. The Bank of Ireland Act 1781 (21 & 22 Geo. 3. c. 16 (I)) was passed by the Parliament of Ireland, establishing the Bank of Ireland. On 25 June 1783, Bank of Ireland opened for business at St Mary's Abbey in a private house previ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bristol & West
Bristol & West (B&W) was a former mutual building society in the United Kingdom (UK), one of the first to be demutualised to become a publicly traded bank in 1997. Bristol & West had its headquarters in Bristol, England, UK. B&W became a division of the UK arm of the Bank of Ireland in 1997. B&W's main activity was mortgage lending for residential and commercial customers, although in 2009, its business was transferred to Bank of Ireland and it became a shell company, and stopped accepting new customers. The Bristol & West brand name has since been replaced by the Bank of Ireland brand. However, , Bristol & West plc shares were still publicly traded on the London Stock Exchange (LSE) under the BWSA ticker, and globally identified under its International Securities Identification Number (ISIN) GB0000510205, until June 2023, when the Bank of Ireland decided to redeem the outstanding Bristol & West preference shares and liquidate Bristol & West plc. History The Bristol & W ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
