Building Society (Mutual) | |
Industry | Financial Services |
Founded | 19 August 1864 |
Headquarters | Bradford, West Yorkshire, England |
Number of locations
|
326 |
Key people
|
Mike Regnier, Chief Executive |
Products |
Mortgages, savings, investments, insurance |
£152 million GBP (December 2016) | |
Total assets | |
Number of employees
|
3,600 |
Website | www |
The Yorkshire Building Society is the second largest building society in the UK, with its headquarters in Bradford, West Yorkshire, England. It is a member of the Building Societies Association.
The society also owns the Chelsea and Norwich and Peterborough Building Societies, as well as Accord Mortgages and the savings business of Egg, which are referred to as the Yorkshire Building Society Group. Collectively the group employs 4,100 staff throughout the UK and services 3.5 million members.
The Yorkshire currently provides financial services both directly and through a 224-strong branch network and 94 associated agencies across the UK. Despite changes in the industry in recent years, the Yorkshire remains as one of the major mutual building societies in Britain - a review in 1995 confirmed that their mutual status was important to them, so that they remain answerable to their members, rather than outside shareholders.
In 1864, the Huddersfield Equitable Permanent Benefit Building Society was founded in Huddersfield, and expansion through a series of agreed mergers, predominantly with the Bradford Permanent Building Society in 1975, has seen it evolve into the national building society that it is today. The current name came into use in 1982, following the merger of the Huddersfield & Bradford Building Society and the West Yorkshire Building Society. The Yorkshire also has a mortgage subsidiary company, Accord. In August 2011 it announced that it was closing its offshore subsidiary, Yorkshire Guernsey.
The Yorkshire took over the Sussex-based Haywards Heath Building Society in 1992, in an effort to develop a southern based branch presence. In 2001, the Society merged with the Gainsborough Building Society.