Nottingham Building Society

The Nottingham Building Society is a building society founded in 1849 by a group led by Samuel Fox (1781–1868), a Quaker and prominent local grocer.[1]

The Nottingham Building Society
FormerlyNottingham Permanent Benefit Building Society
TypeBuilding society (Mutual)
IndustryBanking and financial services
Founded1849
HeadquartersNottingham, England, UK
Number of locations
48
Key people
David Marlow, chief executive
ProductsSavings, mortgages, investments,
insurance
£58.6 million GBP (July 2017), on 2016
Total assets£3.6 billion GBP (December 2016),
Number of employees
678
Websitewww.thenottingham.com

The purpose of the society was to promote the construction of a better class of dwellings, suitable for the working and middle classes, as well as provide a safe and profitable place for small savings.

The Nottingham Building Society was one of the first financial institutions to introduce online banking in 1983, with its Homelink service on Prestel. It is a member of the Building Societies Association.

Branches

The society currently has 48 branches across 9 counties including in city centre on Parliament Street, Beeston, Bulwell, Mapperley, on Mansfield Road, and Wollaton. It has many of its branches in the county of Nottinghamshire, Leicestershire , Hertfordshire and others in Lincolnshire, Derbyshire and Sheffield.

In 1970 it acquired the Grantham Building Society and has taken on branches destined for closure from Banco Santander, The Co-operative Bank, Derbyshire Building Society, Shepshed Building Society and Yorkshire Building Society. In July 2017, The Nottingham Building Society added to its branch network by acquiring seven locations from the Norwich and Peterborough Building Society.[2]

References
  1. Fox had been running a savings scheme with Louisa Woods since the 1830s for students at their Adult School.
  2. White, Lucy (20 July 2017). "Nottingham Building Society continues its branch expansion spree: Coming to a town near you?". City A.M. Archived from the original on 12 July 2018.
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