Portman Building Society
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Portman Building Society
The Portman Building Society was a mutual building society in the United Kingdom, providing mortgages and savings accounts to consumers and offering loans to commercial enterprises. Its head office was in Bournemouth and its administration centre in Wolverhampton. Portman merged with the Nationwide Building Society in August 2007,Building Society Mergers and Conversions since 1980
Building Societies Association website (Retrieved 5 April 2007)
at which time it was the third largest building society in the UK and the largest regional building society in the south of England, with 154 branches and assets exceeding £15 billion.


History


1846–1900: Origins


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Building Society
A building society is a financial institution owned by its members as a mutual organization. Building societies offer banking and related financial services, especially savings and mortgage lending. Building societies exist in the United Kingdom, Australia and New Zealand, and used to exist in Ireland and several Commonwealth countries. They are similar to credit unions in organisation, though few enforce a common bond. However, rather than promoting thrift and offering unsecured and business loans, the purpose of a building society is to provide home mortgages to members. Borrowers and depositors are society members, setting policy and appointing directors on a one-member, one-vote basis. Building societies often provide other retail banking services, such as current accounts, credit cards and personal loans. The term "building society" first arose in the 19th century in Great Britain from cooperative savings groups. In the United Kingdom, building societies actively compete ...
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Portman House 1967
Portman is a surname of Anglo-Saxon English origin. Notable bearers were the Viscounts Portman. It may refer to: Office * Portman (burgess), a freeman or burgess of a port Boats * Portman 36, an American sailboat design Places * Portmán, a town near Cartagena, Spain * Orchard Portman, a village and civil parish in Somerset, England * Portman Estate, 110 acres in Marylebone in London’s West End * Portman Road, a football stadium in Ipswich, Suffolk, England People People with the surname * Maurice Vidal Portman, a British doctor * Bob Portman, an American basketball player * Eric Portman, an English stage and film actor * John C. Portman Jr. (1924–2017), an American architect and real estate developer * Natalie Portman, an American Actress * Rachel Portman, a British composer * Stephen Portman, an American conductor and pianist * Rob Portman, an American politician * Sir William Portman (died 1557), an English judge and Chief Justice of the King’s Bench * Adolf Portmann, ...
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Golden Handshake
A golden handshake is a clause in an executive employment contract that provides the executive with a significant severance package in the case that the executive loses their job through firing, restructuring, or even scheduled retirement. This can be in the form of cash, equity, and other benefits, and is often accompanied by an accelerated vesting of stock options. According to Investopedia, a golden handshake is similar to, but more generous than a golden parachute because it not only provides monetary compensation and/or stock options at the termination of employment, but also includes the same severance packages executives would get at retirement. The term originated in Britain in the mid-1960s. It was coined by the city editor of the ''Daily Express'', Frederick Ellis. It later gained currency in New Zealand in the late 1990s over the controversial departures of various state sector executives. "Golden handshakes" are typically offered only to high-ranking executives by major ...
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Financial Services Authority
The Financial Services Authority (FSA) was a quasi-judicial body accountable for the financial regulation, regulation of the financial services industry in the United Kingdom between 2001 and 2013. It was founded as the Securities and Investments Board (SIB) in 1985. Its board was appointed by the HM Treasury, Treasury, although it operated independently of government. It was structured as a company limited by guarantee and was funded entirely by fees charged to the financial services industry. Due to perceived regulatory failure of the banks during the financial crisis of 2007–2008, the Cameron–Clegg coalition, UK government decided to restructure financial regulation and abolish the FSA. On 19 December 2012, the ''Financial Services Act 2012'' received royal assent, abolishing the FSA with effect from 1 April 2013. Its responsibilities were then split between two new agencies: the Financial Conduct Authority and the Prudential Regulation Authority (United Kingdom), Prudent ...
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The Independent
''The Independent'' is a British online newspaper. It was established in 1986 as a national morning printed paper. Nicknamed the ''Indy'', it began as a broadsheet and changed to tabloid format in 2003. The last printed edition was published on Saturday 26 March 2016, leaving only the online edition. The newspaper was controlled by Tony O'Reilly's Irish Independent News & Media from 1997 until it was sold to the Russian oligarch and former KGB Officer Alexander Lebedev in 2010. In 2017, Sultan Muhammad Abuljadayel bought a 30% stake in it. The daily edition was named National Newspaper of the Year at the 2004 British Press Awards. The website and mobile app had a combined monthly reach of 19,826,000 in 2021. History 1986 to 1990 Launched in 1986, the first issue of ''The Independent'' was published on 7 October in broadsheet format.Dennis Griffiths (ed.) ''The Encyclopedia of the British Press, 1422–1992'', London & Basingstoke: Macmillan, 1992, p. 330 It was produc ...
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Lambeth Building Society
The Lambeth Building Society was a UK building society. It was founded in February 1852 as The Number Three Borough of Lambeth Permanent Benefit Building Society. It merged with the Portman Building Society in 2006. At the time of the merger, the Lambeth was the 20th largest building society in the UK, with assets of £1 billion. It was based in the south of London, with 9 branches and approximately 130 employees. Following Portman's merger with Nationwide Building Society Nationwide Building Society is a British mutual financial institution, the seventh largest cooperative financial institution and the largest building society in the world with over 16 million members. Its headquarters are in Swindon, England. ..., branches now bear the Nationwide name. References Banks established in 1852 Organizations established in 1852 1852 establishments in England {{UK-finance-company-stub ...
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The Mortgage Works
The Mortgage Works (UK) plc is a specialist Buy to Let mortgage lender of Nationwide Building Society, working primarily through regulated intermediaries and based in Bournemouth, Dorset, England. They specialise in buy to let mortgage finance. Originally Sun Bank, it was purchased by the Portman Building Society The Portman Building Society was a mutual building society in the United Kingdom, providing mortgages and savings accounts to consumers and offering loans to commercial enterprises. Its head office was in Bournemouth and its administration cen ... in 2001 and renamed to The Mortgage Works in 2004. When Portman was merged with the Nationwide in 2007 they continued to trade under a separate name as a subsidiary. External linksThe Mortgage Works official website for mortgage brokersTMWOnline, official website ...
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Staffordshire Building Society
Staffordshire Building Society was a UK building society, which merged with the Portman Building Society in 2003, which then merged with the Nationwide Building Society in 2007. History The Early Years For much of its life, the Staffordshire remained a local society run on an almost part-time basis. It was formed as the South Staffordshire Permanent Building Society and opened its doors in February 1902 in Wolverhampton. (The “Permanent” was dropped form the name in 1951 and the “South” in 1975.) The original directors were sundry businessmen and a couple of councilors; two of the directors came from the short-lived Wolverhampton Economic Building Society. Francis Hinde, a local printer, first proposed the creation of the Society (his firm printed the 1977 history) and business commenced at the offices of the Secretary at 5 Princes Street where it stayed for 19 years Early stated objectives were “to help working men who wish to become their own landlords” and” the en ...
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Temperance Movement
The temperance movement is a social movement promoting temperance or complete abstinence from consumption of alcoholic beverages. Participants in the movement typically criticize alcohol intoxication or promote teetotalism, and its leaders emphasize alcohol's negative effects on people's health, personalities and family lives. Typically the movement promotes alcohol education and it also demands the passage of new laws against the sale of alcohol, either regulations on the availability of alcohol, or the complete prohibition of it. During the 19th and early 20th centuries, the temperance movement became prominent in many countries, particularly in English-speaking, Scandinavian, and majority Protestant ones, and it eventually led to national prohibitions in Canada (1918 to 1920), Norway (spirits only from 1919 to 1926), Finland (1919 to 1932), and the United States (1920 to 1933), as well as provincial prohibition in India (1948 to present). A number of temperance organiza ...
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Wiltshire
Wiltshire (; abbreviated Wilts) is a historic and ceremonial county in South West England with an area of . It is landlocked and borders the counties of Dorset to the southwest, Somerset to the west, Hampshire to the southeast, Gloucestershire to the north, Oxfordshire to the northeast and Berkshire to the east. The county town was originally Wilton, after which the county is named, but Wiltshire Council is now based in the county town of Trowbridge. Within the county's boundary are two unitary authority areas, Wiltshire and Swindon, governed respectively by Wiltshire Council and Swindon Borough Council. Wiltshire is characterised by its high downland and wide valleys. Salisbury Plain is noted for being the location of the Stonehenge and Avebury stone circles (which together are a UNESCO Cultural and World Heritage site) and other ancient landmarks, and as a training area for the British Army. The city of Salisbury is notable for its medieval cathedral. Swindon is the ...
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Ramsbury
Ramsbury is a village and civil parish in the English county of Wiltshire. The village is in the Kennet Valley near the Berkshire boundary. The nearest towns are Hungerford about east and Marlborough about west. The much larger town of Swindon is about to the north. The civil parish includes the hamlet of Axford about west of Ramsbury, and three smaller hamlets: New Town, close to Ramsbury to the southeast, and Knighton and Whittonditch, both about to the east. The 2011 Census recorded a parish population of 1,989. History The Domesday Book of 1086 recorded a large settlement of 156 households at ''Ramesberie''. Littlecote Roman Villa is in the parish. The earliest written history of Ramsbury can be traced from the Saxon era when the bishopric of Ramsbury was created in 909 AD. Between 1942 and 1946, during World War II, there was a Royal Air Force airfield known as RAF Ramsbury on a ridge of high ground to the south of the village. Fairs Throughout the Middle Ages, R ...
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Portman House 2001
Portman is a surname of Anglo-Saxon English origin. Notable bearers were the Viscounts Portman. It may refer to: Office * Portman (burgess), a freeman or burgess of a port Boats * Portman 36, an American sailboat design Places * Portmán, a town near Cartagena, Spain * Orchard Portman, a village and civil parish in Somerset, England * Portman Estate, 110 acres in Marylebone in London’s West End * Portman Road, a football stadium in Ipswich, Suffolk, England People People with the surname * Maurice Vidal Portman, a British doctor * Bob Portman, an American basketball player * Eric Portman, an English stage and film actor * John C. Portman Jr. (1924–2017), an American architect and real estate developer * Natalie Portman, an American Actress * Rachel Portman, a British composer * Stephen Portman, an American conductor and pianist * Rob Portman, an American politician * Sir William Portman (died 1557), an English judge and Chief Justice of the King’s Bench * Adolf Portmann, ...
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