Birmingham Midshires
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Birmingham Midshires is a commercial bank in the United Kingdom, a subsidiary of Halifax plc (part of HBOS). It is headquartered at Pendeford Business Park,Wolverhampton, England and has offices throughout England. Previously it was a building society, known as the Birmingham Midshires Building Society.
The Birmingham Midshires was formed in 1986 by the merger of the Birmingham and Bridgewater and the Midshires Building Societies. These societies could trace their routes back to 1849 and were themselves formed by the mergers of the following societies: Liverpool Building Society, Wolverhampton and Mercia, Bristol Equitable Permanent Benefit, Swansea & Gower Permanent, and the Warrington Workingmens' Permanent.
In 1999, the Birmingham Midshires Building Society agreed to a takeover bid from the Royal Bank of Scotland. However the deal collapsed when Halifax plc tabled a more lucrative offer. Halifax itself became a part of HBOS plc when it merged with the Bank of Scotland in 2001.
On 15 September 2005 Birmingham Midshires announced it was planning to close 48 of its 67 branches, through a phased programme concluding in March 2006, and the conversion of the remaining outlets to the Halifax brand. Customers were given the option of banking at their nearest Halifax branch and the 470 full and part time BM employees are to be offered an alternative role at the company or within the wider Halifax branch network.
Today the Birmingham Midshires remains a separate division within Halifax plc, and offers a range of specialist mortgage and savings products. When Birmingham Midshires became part of the Group in April 1999, it had savings balances of £5.9 billion and mortgage assets of £9.2 billion. BM savings balances have doubled since then to £12 billion; mortgage assets have more than trebled to over £32 billion.
[edit] Source
- [http://www.askbm.co.uk/ BM website press release "Birmingham Midshires Business Strategy" 15 Sept 2005
[edit] External link
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Banking: Bank of Scotland | Halifax | Intelligent Finance | Birmingham Midshires | Sainsbury's Bank | St. James's Place Bank | BankWest | Banco Halifax Hispania | Bank of Scotland International | Halifax Ireland | Bank of Scotland (Netherlands) |
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Insurance and Property: esure | First Alternative | Clerical Medical | rightmove.co.uk | The Mortgage Business | Sheilas' Wheels |
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Annual Group Revenue: £10.2 billion GBP ( |
Abbey • Adam and Company • Airdrie Savings Bank • Alliance & Leicester • Allied Irish Bank (GB) • Anglo Irish Bank • Bank of Ireland • Bank of Scotland • Barclays • Birmingham Midshires • Bradford & Bingley • Bristol and West • Cahoot • Cheltenham and Gloucester • Clydesdale • Co-operative Bank • Coutts & Co • Egg • First Direct • First Trust Bank • Halifax • Harrods Bank • HSBC • Intelligent Finance • Islamic Bank of Britain • Julian Hodge Bank • Lloyds TSB • National Savings and Investments • NatWest • Northern Bank • Northern Rock • Royal Bank of Scotland • Sainsbury's Bank • Standard Chartered Bank • Tesco Personal Finance • The Woolwich • Ulster Bank • Yorkshire Bank
