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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.
The London and South of England Building Society transferred engagements in 1983 and the Country (including the engagements of the former Westminster) Building Society transferred in 1984. [ 4 ] In 1987, the Society merged with the Nationwide Building Society, which was formed in London in 1883 and known as the Co-operative Permanent Building ...
After the war, with the need for new developments and homes the Society increased its assets from under £500,000 to over £2m by 1924. The Society’s growth meant they needed to move out of 22 Red Lion Square. In 1925 the Society’s architect drew up plans for a new headquarters, New Oxford House, in London which opened in 1926.
Derbyshire Building Society (previously trading as The Derbyshire) was a UK building society based in Duffield, Derbyshire in the East Midlands of England.It was the 9th largest building society in the United Kingdom based on total assets of £7.1 billion at 31 December 2007, [3] until it was acquired by Nationwide Building Society on 1 December 2008.
Nationwide, which will update all 605 of its branches with the new branding, says it is determined to protect face-to-face service, which is invaluable to many customers, including the vulnerable.
In 1984 the British government signed the Sino-British Joint Declaration with China and agreed to turn over Hong Kong and its dependencies in 1997. British rule ended on 30 June 1997, with China taking over at midnight, 1 July 1997 (at end of the 99-year lease over the New Territories, along with the ceded Hong Kong Island and Kowloon).
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By the end of the same year the society's assets grew to over £337 million. The society introduced another new account, the Gold Seal account, which attracted substantial deposits and contributed to another record year which saw the society's assets rise by 21% to £409 million in 1984.