Newcastle Building Society

Newcastle Building Society
Building Society (Mutual)
Industry Banking and Financial Services
Founded Newcastle Permanent Building Society (1863)
Newcastle Building Society (1980)
Headquarters Newcastle upon Tyne, England, UK
Key people
 David Holborn, (Chairman)
Jim Willens, (Chief Executive)
Services Savings, Mortgages, Investments,
Credit Cards, Insurance
£36.6m (2010)
Profit £(3.7)m (2010)
Total assets £4.4bn (2010)
Website www.newcastle.co.uk

The Newcastle Building Society is a UK building society that has its head office in Newcastle upon Tyne, England. It is a member of the Building Societies Association.

History

It was formed in 1980 as a result of a merger between the Grainger (founded 1861) and Newcastle Permanent Building Societies (founded 1863).[1]

In 2006, it merged with another Newcastle-based society, the Universal Building Society.[2]

The society opened another office at Cobalt Business Park in North Tyneside in 2008.[3]

In May 2010, the society announced its repositioning programme in which it announced that it would make 126 jobs redundant and create 80 jobs in its Solutions division.

In February 2011, it announced that it plans to lend more to the North East's housing market.[4]

References

  1. ↑ A full agenda for our mutual friend North East Business, 10 September 2007, Retrieved 11 April 2009
  2. ↑ Building Society Mergers and Conversions since 1980 Building Societies Association website (Retrieved 5 April 2007)
  3. ↑ Evening Chronicle, Feb 26, 2008 Newcastle Building Society grows despite crisis, Gareth Deighan. Via Chronicle Live, retrieved on 24 March 2008.
  4. ↑ McCusker, Peter (25 February 2011). "Newcastle Building Society plan to lend more". NEBusiness.co.uk. The Journal / Evening Gazette. Retrieved 25 March 2013.

External links