The Saffron Building Society is a regional building society which has branches and agencies in the East of England, spanning Essex, Hertfordshire and Suffolk. It is a member of the Building Societies Association.
Company type | Building society (mutual) |
---|---|
Industry | Banking and financial services |
Founded | January 1849 |
Headquarters | Saffron Walden, England, UK |
Number of locations | 8 |
Key people | Nick Treble,[1] Chairman Colin Field,[1] Chief Executive Officer |
Products | Savings, mortgages, investments, loans, insurance |
£3.1 million GBP (December 2007), 84.6% on 2006 | |
Total assets | £784 million GBP (December 2007), 10.4% on 2006 |
Number of employees | 181 |
Website | www.saffronbs.co.uk |
Saffron Building Society was established in 1849. It is a UK building society based in Saffron Walden, Essex.
It began life as the Saffron Walden Second Building Society and was founded by the Revd John Marten, who became the first Secretary. The first Chairman of the Saffron Building Society was a local builder called Joseph Durrant. Originally established as a 'terminating society' Saffron Walden Second Building Society became a permanent building society in 1857 and changed their name to The Saffron Walden Second Benefit Building and Investment Society on the Permanent Plan. In the same year the Society lent £1,730.
In 1873 Henry Hart a printer, was chairman and directors' salaries now stood at £1.