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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)
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]
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.
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]
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.
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.
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 ...
Nationwide Building Society is the largest retail bank in the United Kingdom, [2] and the world's largest building society, serving over 16 million members. [3] It operates as a British mutual financial institution, meaning it is owned by and run for the benefit of its members. Nationwide is also the seventh largest cooperative financial ...
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