Scottish Building Society

Scottish Building Society
Building Society (Mutual)
Industry Banking and Financial Services
Founded 1848
Headquarters Edinburgh, Scotland, UK
Number of locations
 68[1]
Key people
 Chief Executive - Mark Thomson
Products Savings, Mortgages, Investments and Insurance
Total assets £377.6 million GBP (January 2015) [2]
Members 34 164 (January 2015) [2]
Number of employees
 71
Website www.scottishbs.co.uk

The Scottish Building Society is a building society based in Edinburgh, Scotland. It is the oldest building society in the world, the only remaining building society based in Scotland and the 42nd largest in the United Kingdom based on total assets of £377.6 million at 31 January 2015.[2] It is a member of the Building Societies Association.

History

The Scottish Building Society was established in 1848 as the Edinburgh Property Investment Company. It changed its name to the Scottish Building Society in 1929.[3]

The Society has six branches in Edinburgh, Galashiels, Glasgow, Inverness, Aberdeen and Troon, as well as a network of over 60 agents throughout Scotland.[4]

On 1 February 2013, the Scottish Building Society merged with its Edinburgh competitor Century Building Society. As a result of the merger, it became the only remaining building society to be headquartered in Scotland.

References

  1. ↑ http://www.scottishbs.co.uk/locations/ Locations
  2. 1 2 3 Company Profile: Scottish Building Society Accessed 13 December 2016
  3. ↑ "General Information - History". Scottish Building Society. Retrieved 13 December 2016.
  4. ↑ "Locations". Scottish Building Society. Retrieved 13 December 2016.


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