Coventry Building Society
From Wikipedia, the free encyclopedia
| Coventry Building Society | |
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| Type | Building Society (Mutual) |
|---|---|
| Founded | 1884 |
| Headquarters | Coventry |
| Key people | David Harding, Chairman David Stewart, Chief Executive |
| Industry | Banking and Financial Services |
| Products | Retail banking, Savings Mortgages, Investments |
| Revenue | Assets exceed £11 billion GBP (March 2006) |
| Employees | 1,300 (in 2006) |
| Slogan | "TLC not PLC" |
| Website | www.coventrybuildingsociety.co.uk |
[edit] History
- The Coventry Permanent Economic Building Society was founded in 1884 by a small group of citizens, one of whom was Thomas Mason Daffern, who became the Society’s first secretary.
- By the beginning of the first world war, the "Economic" as it was known, had become the largest building society in the area in terms of assets.
- Subsequent mergers in the 1970s and 1980s greatly enhanced the assets of the Society and in 1983, following a merger with the “Coventry Provident” , the building society became known as "Coventry Building Society."
- Coventry Building Society has continued to protect the financial interests of its members and this parallels the courage of Lady Godiva who rode naked through Coventry when her husband, Earl Leofric agreed to waive taxes to citizens. It is in recognition of this, that in the early 1970s, the Society adopted its famous "Lady Godiva" logo.
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