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Leeds Permanent Building Society. The Leeds Permanent Building Society was a building society founded in Leeds, England in 1848 and was commonly known in a shortened form as The Leeds or The Perm. It should not be confused with the extant Leeds Building Society (formerly Leeds and Holbeck Building Society)
The new headquarters on Sovereign Square in Leeds. The society was registered as the Leeds and Holbeck (Permanent) Building Society in 1875, though the society originated from a group called the Leeds Union Operative Land and Building Society which formed in 1845. [5] The society was renamed to Leeds Building Society in September 2005.
In 1987, Blackburn became the chief executive officer (CEO) of Leeds Permanent Building Society. [3] [4] His time there was characterised by significant changes, including the closure of several branches and overseeing charitable initiatives. [3] In 1993, Blackburn was named as the CEO of the Halifax Building Society.
In 1995, the Halifax announced it was to merge with the Leeds Permanent Building Society and convert to a plc. The Halifax floated on the London Stock Exchange on 2 June 1997. [5] Over 7.5 million customers of the Society became shareholders of the new bank, the largest extension of shareholders in UK history. [6]
HBOS offices in Lovell Park, Leeds, formerly those of the Leeds Permanent Building Society before its takeover by the Halifax Building Society. HBOS plc is a banking and insurance company in the United Kingdom, a wholly owned subsidiary of the Lloyds Banking Group, having been taken over in January 2009.
Once all members were housed, these organisations were typically wound up, although some became permanent societies in an effort to promote wider home ownership, as exemplified by the Leeds Permanent Building Society. [2] The first recorded credit union in the United Kingdom was formed in Derry, Northern Ireland, in 1960.
Albion Tower aka Leeds Permanent Building Society Tower, 61 m (200 ft). Constructed in the 1960s and demolished in 1998 for replacement with The Light leisure / shopping complex. Arena Point Tower, 79 m (259 ft). Demolished in 2022–23 to be replaced with 134 m (440 ft) tower.
A building society is a financial institution owned by its members as a mutual organization, which offers banking and related financial services, especially savings and mortgage lending. They exist in the United Kingdom, Australia and New Zealand, and formerly in Ireland and several Commonwealth countries, including South Africa as mutual banks ...