Scottish Building Society
 | |
| Building Society (Mutual) | |
| Industry | Banking and Financial Services |
| Founded | 1848 |
| Headquarters | Edinburgh, Scotland |
Number of locations | 60+[1] |
Key people | Chief Executive - Mark Thomson |
| Products | Savings, Mortgages, Investments and Insurance |
| Total assets | £397.2 million GBP (January 2014) |
| Members | 34 164 (January 2014) [2] |
| Website |
scottishbs |
The Scottish Building Society is a building society based in Edinburgh, Scotland. It is the oldest building society in the world, the only building society based in Scotland and the 42nd largest in the United Kingdom based on total assets of £259 million at 31 January 2008.[3] It is a member of the Building Societies Association.
History
The Scottish Building Society was established in 1848 as the Edinburgh Property Investment Company. It changed its name to the Scottish Building Society in 1929.[4]
The Society has six branches in Edinburgh, Galashiels, Glasgow, Inverness, Aberdeen and Troon[5] as well as a network of over 60 agents throughout Scotland.[6]
On 1 February 2013, the Scottish Building Society merged with its Edinburgh competitor Century Building Society, becoming the only remaining building society in Scotland.