Newcastle Building Society
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Newcastle Building Society Limited
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Portland House, New Bridge St. Newcastle NE1 8AL, United Kingdom Tel. +44-191-244-2000 Fax +44-191-244-2001 |
Type: Private - Mutual Company
On the web:
http://www.newcastle.co.uk
The Newcastle Building Society wants to help you buy your new castle. The mutually owned financial institution provides mortgage, investment, insurance, and other finance management services throughout the UK. Expanding beyond traditional building society walls, the company launched two subsidiaries in recent years: Newcastle Financial Services, which provides life, investment, and pension products, and Newcastle Strategic Solutions, which offers consulting services in such areas as call centers, commercial lending, mortgage brokering, online banking, processing, and product development. The society traces its roots back to 1861.
Officers:
Chief Executive and Director, Finance: Colin Seccombe
Assistant General Manager, Marketing and New Media: Steve Urwin
Commercial Director: Wendy Lee
Competitors:
Barclays
HSBC
Lloyds Banking Group
Wikipedia on Answers.com:
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Newcastle Building Society
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| Type | Building Society (Mutual) |
|---|---|
| Industry | Banking and Financial Services |
| Founded | Newcastle Permanent Building Society (1863) Newcastle Building Society (1980) |
| Headquarters | Newcastle upon Tyne, England, UK |
| Key people | David Holborn, (Chairman) Jim Willens, (Chief Executive) |
| Services | Savings, Mortgages, Investments, Credit Cards, Insurance |
| Operating income | £36.6m (2010) |
| Profit | £(3.7)m (2010) |
| Total assets | £4.4bn (2010) |
| Website | www.newcastle.co.uk |
The Newcastle Building Society is a UK building society that has its head office in Newcastle upon Tyne, England. It is a member of the Building Societies Association.
History
It was formed in 1980 as a result of a merger between the Grainger (founded 1861) and Newcastle Permanent Building Societies (founded 1863).[1]
In 2006, it merged with another Newcastle-based society, the Universal Building Society.[2]
The society opened another office at Cobalt Business Park in North Tyneside in 2008.[3]
In May 2010, the society announced its repositioning programme in which it announced that it would make 126 jobs redundant and create 80 jobs in its Solutions division.
In February 2011, it announed that it plans to lend more to the North East's housing market Newcastle Building Society plan to lend more.[1] It released its 2010 year end results in March 2011.[2]
References
- ^ A full agenda for our mutual friend North East Business, 10 September 2007, Retrieved 11 April 2009
- ^ Building Society Mergers and Conversions since 1980 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.
External links
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