The Society in its current form was formed in 1980 as a result of a merger between the Grainger (founded 1861) and Newcastle Permanent Building Societies (founded 1863).
Historyedit
After 16 years at Grainger serving as Chief Executive and Managing Director, Phillip Langley-Essen was appointed the first Executive Head of the Newcastle Building Society (NBS) in 1980. Even designing its logo, Essen was influential in the formation of the NBS in the six years he was working at the society.[2]
In 2006 it merged with another Newcastle-based society, the Universal Building Society.[3] Two years later it opened a new office at Cobalt Business Park in North Tyneside.[4] In May 2010, NBS announced a repositioning program in which it announced that it would make 126 jobs redundant and create 80 jobs in its Solutions division.
In February 2011, it announced that it plans to lend more to the North East's housing market.[5] Ten months later, Wirecard AG of Germany acquired Newcastle Building Society's prepaid card issuing activities in six European countries.[6]
In February 2023 it was confirmed that the society had agreed to merge with the Manchester Building Society.[7] The merger was completed on 1 July 2023.[8]
Referencesedit
^"Newcastle Building Society Annual Report & Accounts 2022" (PDF). 18 February 2024. (PDF) from the original on 18 February 2024. Retrieved 18 February 2024.
^A full agenda for our mutual friend North East Business, 10 September 2007, Retrieved 11 April 2009
^Building Society Mergers and Conversions since 1980 2011-07-24 at the Wayback Machine Building Societies Association website (Retrieved 5 April 2007)
^Evening Chronicle, Feb 26, 2008 Newcastle Building Society grows despite crisis, Gareth Deighan. Via Chronicle Live, retrieved on 24 March 2008.
^McCusker, Peter (25 February 2011). "Newcastle Building Society plan to lend more". NEBusiness.co.uk. The Journal / Evening Gazette. Retrieved 25 March 2013.
^Wirecard acquires prepaid cards division of Newcastle Building Society, 16 December 2011
^Fowler, Ryan (21 February 2023). "Newcastle Building Society and Manchester Building Society agree to merge by way of transfer of engagements". The Intermediary - Latest UK mortgage news. Retrieved 4 March 2023.
^"About Us". themanchester.co.uk. Retrieved 5 July 2023.
External linksedit
Official website
Newcastle Building Society
Building Societies Association
2010 year-end results, announced March 2011 14 April 2011 at the Wayback Machine
April 09, 2024
newcastle, building, society, eighth, largest, building, society, with, headquarters, newcastle, upon, tyne, england, member, building, societies, association, december, 2022, society, total, assets, more, than, billion, company, typebuilding, society, mutual,. Newcastle Building Society is the eighth largest building society in the UK with its headquarters in Newcastle upon Tyne England It is a member of the Building Societies Association At December 2022 the Society had total assets of more than 5 billion 1 Newcastle Building SocietyCompany typeBuilding Society mutual IndustryBanking and Financial servicesFoundedNewcastle Permanent Building Society 1863 Newcastle Building Society 1980 HeadquartersNewcastle upon Tyne England UKNumber of locations31Key peopleJames Ramsbotham CBE DL chair Andrew Haigh chief executive ProductsSavings Mortgages Investments InsuranceRevenue 119 7 million 2022 Operating income 31 7 million 2022 Net income 26 0 million 2022 Total assets 5 312 5 million 2022 Total equity 245 9 million 2022 Number of employees1 393 2022 1 284 2021 WebsiteOfficial websiteThe Society in its current form was formed in 1980 as a result of a merger between the Grainger founded 1861 and Newcastle Permanent Building Societies founded 1863 History editAfter 16 years at Grainger serving as Chief Executive and Managing Director Phillip Langley Essen was appointed the first Executive Head of the Newcastle Building Society NBS in 1980 Even designing its logo Essen was influential in the formation of the NBS in the six years he was working at the society 2 In 2006 it merged with another Newcastle based society the Universal Building Society 3 Two years later it opened a new office at Cobalt Business Park in North Tyneside 4 In May 2010 NBS announced a repositioning program in which it announced that it would make 126 jobs redundant and create 80 jobs in its Solutions division In February 2011 it announced that it plans to lend more to the North East s housing market 5 Ten months later Wirecard AG of Germany acquired Newcastle Building Society s prepaid card issuing activities in six European countries 6 In February 2023 it was confirmed that the society had agreed to merge with the Manchester Building Society 7 The merger was completed on 1 July 2023 8 References edit Newcastle Building Society Annual Report amp Accounts 2022 PDF 18 February 2024 Archived PDF from the original on 18 February 2024 Retrieved 18 February 2024 A full agenda for our mutual friend North East Business 10 September 2007 Retrieved 11 April 2009 Building Society Mergers and Conversions since 1980 Archived 2011 07 24 at the Wayback Machine Building Societies Association website Retrieved 5 April 2007 Evening Chronicle Feb 26 2008 Newcastle Building Society grows despite crisis Gareth Deighan Via Chronicle Live retrieved on 24 March 2008 McCusker Peter 25 February 2011 Newcastle Building Society plan to lend more NEBusiness co uk The Journal Evening Gazette Retrieved 25 March 2013 Wirecard acquires prepaid cards division of Newcastle Building Society 16 December 2011 Fowler Ryan 21 February 2023 Newcastle Building Society and Manchester Building Society agree to merge by way of transfer of engagements The Intermediary Latest UK mortgage news Retrieved 4 March 2023 About Us themanchester co uk Retrieved 5 July 2023 External links editOfficial website Newcastle Building Society Building Societies Association Entry in KPMG Building Societies Database 2008 2010 year end results announced March 2011 Archived 14 April 2011 at the Wayback Machine Retrieved from https en wikipedia org w index php title Newcastle Building Society amp oldid 1210580677, wikipedia, wiki, book, books, library,
