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The Coventry Building Society is a building society based in Coventry, England. It is the second largest in the United Kingdom with total assets of more than £62 billion at 31 December 2023. [2] It is a member of the Building Societies Association. The society has over 1.6 million saver-members and a further 460,000 borrower-members. [3]
The other main class of consumer financial service organisation in the United Kingdom is the building society. 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.
David Thorburn is a Scottish-born banker who is the chairman of the board at the Coventry Building Society. His earlier roles in British banking include the position of chief executive at Clydesdale Bank and Yorkshire Bank, subsidiaries of the National Australia Bank.
The two groups have been in discussions over a possible merger for several months.
Coventry Building Society — is a building society offering mortgages, savings, and banking. It is headquartered in Coventry, West Midlands. It was founded in 1884 by Thomas Mason Daffern and became the Coventry Permanent Economic Building Society. It was later renamed the 'Coventry Economic' and then the 'Coventry Building Society'.
Online banking, also known as internet banking, virtual banking, web banking or home banking, is a system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website or mobile app. Since the early 2000s this has become the most common way that customers ...
Southland Building Society, which in October 2008 became a registered bank known as SBS Bank. However, it remains a building society and retains its mutual structure. Hastings Building Society merged with SBS Bank in October 2010, but with the Hastings Building Society brand continuing to operate as a building society under the name of HBS Bank ...
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