The Scottish Amicable Building Society was founded in 1892 and became Scotland's largest building society with coverage across the United Kingdom. It faced a run on its funds in 1958 and was rescued by the Co-operative Building Society.
History
The Society was founded in Edinburgh in 1892 as the Amicable Property Investment Building Society, later shortened to the Scottish Amicable Building Society. It remained of very modest size until after
WWI
World War I or the First World War (28 July 1914 – 11 November 1918), also known as the Great War, was a global conflict between two coalitions: the Allies (or Entente) and the Central Powers. Fighting took place mainly in Europe and th ...
– in 1922 there were only 416 members and assets totalled £86,000. The subsequent growth in the Society stemmed from the recruitment of William Allison in 1921 as manager. Allison had been a principal lecturer in business studies and joined as manager, becoming managing director and chairman. At the time of the Diamond Jubilee brochure in 1952 he was still chairman and managing director (with his son as Deputy Managing Director). By that date the Society had around 53,000 members and assets had grown to £18m. The coverage across the
United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Northwestern Europe, off the coast of European mainland, the continental mainland. It comprises England, Scotlan ...
was extensive. There were district offices in
Aberdeen
Aberdeen ( ; ; ) is a port city in North East Scotland, and is the List of towns and cities in Scotland by population, third most populous Cities of Scotland, Scottish city. Historically, Aberdeen was within the historic county of Aberdeensh ...
,
Ayr
Ayr ( ; ; , meaning "confluence of the River Àir"), is a town situated on the southwest coast of Scotland. A former royal burgh, today it is the administrative centre of South Ayrshire Council, and the historic county town of Ayrshire. With ...
,
Glasgow
Glasgow is the Cities of Scotland, most populous city in Scotland, located on the banks of the River Clyde in Strathclyde, west central Scotland. It is the List of cities in the United Kingdom, third-most-populous city in the United Kingdom ...
,
Dundee
Dundee (; ; or , ) is the List of towns and cities in Scotland by population, fourth-largest city in Scotland. The mid-year population estimate for the locality was . It lies within the eastern central Lowlands on the north bank of the Firt ...
,
London
London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...
,
Birmingham
Birmingham ( ) is a City status in the United Kingdom, city and metropolitan borough in the metropolitan county of West Midlands (county), West Midlands, within the wider West Midlands (region), West Midlands region, in England. It is the Lis ...
,
Liverpool
Liverpool is a port City status in the United Kingdom, city and metropolitan borough in Merseyside, England. It is situated on the eastern side of the River Mersey, Mersey Estuary, near the Irish Sea, north-west of London. With a population ...
and
Manchester
Manchester () is a city and the metropolitan borough of Greater Manchester, England. It had an estimated population of in . Greater Manchester is the third-most populous metropolitan area in the United Kingdom, with a population of 2.92&nbs ...
; beneath those were 13 chief branches offices in
Scotland
Scotland is a Countries of the United Kingdom, country that is part of the United Kingdom. It contains nearly one-third of the United Kingdom's land area, consisting of the northern part of the island of Great Britain and more than 790 adjac ...
, 14 in
England
England is a Countries of the United Kingdom, country that is part of the United Kingdom. It is located on the island of Great Britain, of which it covers about 62%, and List of islands of England, more than 100 smaller adjacent islands. It ...
and one in
Belfast
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followed by a further 104 ordinary branches. It was later described as Scotland's largest building society.
Six years after the Society celebrated its Diamond Jubilee, it had to be rescued by the