Norwich and Peterborough Building Society
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| Building Society (Mutual) | |
| Industry | Financial Services |
| Founded | 1860 (Incorporated 1896) |
| Headquarters | Peterborough Business Park, Lynch Wood, Peterborough, Cambridgeshire PE2 6WZ |
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Number of locations
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45 |
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Key people
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Ed Anderson, Chairman Mike Regnier, Chief Executive |
| Products | Retail Banking, Savings and Investments, Mortgages, Surveying, General Insurance Broking and Share Dealing |
| £157 million GBP (December 2012) | |
| Total assets | £33.5 billion GBP (December 2012) |
| Parent | Yorkshire Building Society |
| Website | www |
Norwich & Peterborough Building Society (or N&P) is a trading name of Yorkshire Building Society based in Bradford, West Yorkshire. At the time of merger, it was the ninth largest building society in the United Kingdom, with assets in excess of £4.9 billion. It was formed by the merger of the Norwich and Peterborough building societies in 1986.
The Society has over 45 branch offices mainly located in East Anglia and the surrounding counties of Northamptonshire and Lincolnshire, but there was also a branch in Gibraltar which opened in 1990 but was closed in 2014. The former Head Office was opened by Her Majesty Queen Elizabeth the Second in 1988, on a green field business park at Lynch Wood, Peterborough, where an important operational presence is retained by the Yorkshire. N&P employs over 800 staff, of whom roughly half are based at Lynch Wood.
In January 2017, parent YBS Group announced the proposed closure of 28 branches, all current accounts and the eventual withdrawal of the N&P brand.
The Norwich Building Society was founded in 1852 under the imposing title of Norwich and District Provident Permanent Benefit Building and Freehold Land Society. This was unconnected with the mutual Norwich Union Society for the Insurance of Houses, Stock and Merchandise from Fire, which had been founded in 1797. After the Second World War, in 1947, the Norwich Benefit Building Society incorporated, ceasing to act in the name of its trustees, and the name was simplified. The Society absorbed Thetford, Norfolk and Suffolk Mutual Benefit Building Society in 1961.
Shortly after, in 1860, Peterborough Provincial Benefit Building Society was established by railway workers at the Corn Exchange, Peterborough and, in 1896, it registered under the Building Societies Act 1874. The fast growth of the railways had not only created large numbers of workers, it had also led to a shortage of housing in the Peterborough area. The new Society enabled its members to build their own homes in the city. Although originally limited to railwaymen, the Society opened its membership to the general public in 1924, moving to new premises in Priestgate. In 1962, its name was changed to the Peterborough Building Society and, soon after, the Head Office moved to a refurbished building in Market Place (later renamed Cathedral Square). The first branch office was opened at March, Cambridgeshire in 1961. The Society absorbed King's Lynn Building Society in 1967, which was based in the offices of the estate agents Geoffrey Collins & Co. at Blackfriars Street. Further mergers followed with Stamford Building Society in 1980 and Argyle Building Society in 1985.
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Wikipedia