Summary
The Scottish Building Society is a building society based in Edinburgh, Scotland. It is the oldest building society in the world, the only independent building society based in Scotland and the 24th largest in the United Kingdom based on total assets of £431.4 million at 31 January 2020.[1] It is a member of the Building Societies Association.
 | |
| Company type | Building Society (Mutual) |
|---|---|
| Industry | Banking Financial services |
| Founded | 1848 |
| Headquarters | Edinburgh, Scotland, UK |
Number of locations | 6 |
Key people | Paul Denton (chief executive) |
| Products | Savings, Mortgages, Investments and Insurance |
| Total assets | £431.4 million GBP (January 2020) [1] |
| Members | 33 000 (January 2020)[1] |
Number of employees | 71 |
| Website | www |
The Society has five branches in Aberdeen, Edinburgh, Galashiels, Glasgow, Inverness and Troon, as well as a network of agents throughout Scotland.[2]
History edit
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]
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.[4]
References edit
- ^ a b c "Financial Information | Scottish BS". www.scottishbs.co.uk. Retrieved 11 June 2020.
- ^ Our locations scottishbs.co.uk Retrieved 30 March 2023
- ^ "General Information - History". Scottish Building Society. Retrieved 13 December 2016.
- ^ "FSA confirms Century Building Society merger with the Scottish Building Society". 8 January 2013.
External links edit
- Scottish Building Society