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Leeds Building Society (formerly known as the Leeds and Holbeck Building Society) is a building society based in Leeds, England.It serves approximately 719,000 customers across the United Kingdom, who together hold £9.9 billion in savings balances and is the fifth largest building society in the UK. [2]
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]
The building society sector has become much smaller with fewer building societies. This was caused, firstly, a number of building societies demutualising in the 1980s and 1990s and subsequently, taken over by banks. Secondly, there has been ongoing consolidation via mergers between societies. There are 42 building societies in the UK as of 2021 ...
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Picture of the former Leeds Permanent Building Society HQ on The Headrow in Leeds City Centre. 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 ...
Mike Blackburn (businessman) Jeffrey Michael Blackburn (1941–2023) was a British banker who served as the chief executive officer (CEO) of the Leeds Permanent Building Society from 1987 to 1993 and of Halifax Building Society from 1993 to 1999. [1][2]
Yorkshire Building Society branch on Briggate in Leeds. In 1864, the Huddersfield Equitable Permanent Benefit Building Society was founded in Huddersfield, and expansion through a series of agreed mergers, predominantly with the Bradford Permanent Building Society in 1975, has seen it evolve into the national building society that it is today.
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 ...