Staffordshire Building Society
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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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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 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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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. Nationwide is made up of around 250 different building societies. Among the most significant mergers were those with the Anglia Building Society in 1987 and the Portman Building Society in 2007. It is now the second largest provider of household savings and mortgages in the UK and has a 10.3% market share of Current account (banking), current accounts for the 2021/2022 financial year. For the financial year 2021/2022, Nationwide had assets of around £272.4 billion compared to £483 billion for the entire building society sector, making it larger than the remaining 42 British building societies combined. It is a member of the Building Societies Association, the Council of Mortgage Lenders and Co-operatives UK. History The Society's ori ...
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Building Societies Association
The Building Societies Association (BSA) was originally established in 1869. It is the voice for all 43 UK building societies as well as six large credit union A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit organization, nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including depo ...s.  Together these organisations serve around 25 million customers up and down the length of the UK. The BSA's objective is to push for the best outcomes for building societies and other members from the plethora of new and changing regulation and legislation in the UK and Europe. Key sector statistics Building societies have total assets of £415 billion and, together with their subsidiaries, hold residential mortgages of almost £330 billion, 23% of the total outstanding in the UK. They hold over £280 billion of retail deposits, accounting for 19% of all such deposit ...
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Wolverhampton
Wolverhampton () is a city, metropolitan borough and administrative centre in the West Midlands, England. The population size has increased by 5.7%, from around 249,500 in 2011 to 263,700 in 2021. People from the city are called "Wulfrunians". Historically part of Staffordshire, the city grew initially as a market town specialising in the wool trade. In the Industrial Revolution, it became a major centre for coal mining, steel production, lock making, and the manufacture of cars and motorcycles. The economy of the city is still based on engineering, including a large aerospace industry, as well as the service sector. Toponym The city is named after Wulfrun, who founded the town in 985, from the Anglo-Saxon ''Wulfrūnehēantūn'' ("Wulfrūn's high or principal enclosure or farm"). Before the Norman Conquest, the area's name appears only as variants of ''Heantune'' or ''Hamtun'', the prefix ''Wulfrun'' or similar appearing in 1070 and thereafter. Alternatively, the city ma ...
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Bilston
Bilston is a market town, ward, and civil parish located in Wolverhampton, West Midlands, England. It is close to the borders of Sandwell and Walsall. The nearest towns are Darlaston, Wednesbury, and Willenhall. Historically in Staffordshire, three wards of Wolverhampton City Council now cover the town: Bilston East and Bilston North, which almost entirely comprise parts of the historic Borough of Bilston, and Ettingshall, which comprises a part of Bilston and parts of Wolverhampton. History Bilston was first referred to in AD 985 as ''Bilsatena'' when Wolverhampton was granted to Wulfrun then in 996 as ''Bilsetnatun'' in the grant charter of St. Mary's Church (now St. Peter's Collegiate Church, Wolverhampton). It is later mentioned in the Domesday Book as a village called ''Billestune'', being a largely rural area until the 19th century. ''Bilsetnatun'' can be interpreted as meaning the settlement (''ton'') of the folk (''saetan'') of the ridge (''bill''). Situated tw ...
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World War I
World War I (28 July 1914 11 November 1918), often abbreviated as WWI, was one of the deadliest global conflicts in history. Belligerents included much of Europe, the Russian Empire, the United States, and the Ottoman Empire, with fighting occurring throughout Europe, the Middle East, Africa, the Pacific, and parts of Asia. An estimated 9 million soldiers were killed in combat, plus another 23 million wounded, while 5 million civilians died as a result of military action, hunger, and disease. Millions more died in genocides within the Ottoman Empire and in the 1918 influenza pandemic, which was exacerbated by the movement of combatants during the war. Prior to 1914, the European great powers were divided between the Triple Entente (comprising France, Russia, and Britain) and the Triple Alliance (containing Germany, Austria-Hungary, and Italy). Tensions in the Balkans came to a head on 28 June 1914, following the assassination of Archduke Franz Ferdin ...
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Sir Richard Paget, 1st Baronet
Sir Richard Horner Paget, 1st Baronet (14 March 1832 – 3 February 1908) was a British Conservative politician who sat in the House of Commons from 1865 to 1895. Paget was the son of John Moore Paget of Cranmore, Somerset and his wife Elizabeth Jane Doveton. He attended the Royal Military College, Sandhurst and was a captain in the 66th Regiment and Honorary lieutenant-colonel of the 3rd Volunteer Battalion, Prince Albert's (Somersetshire) Light Infantry. He was a J.P. and deputy lieutenant for Somerset. In the 1865 general election, Paget was elected Conservative Member of Parliament for East Somerset. However, at the 1868 general election, he was elected instead for Mid Somerset and held the seat until it was reorganised under the Redistribution of Seats Act 1885. He was then elected in the 1885 general election as MP for Wells, which he held until the 1895 general election. Paget was made a Baronet in 1886, and sworn as a Privy Councillor in 1895. Paget married Caro ...
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Shrewsbury
Shrewsbury ( , also ) is a market town, civil parish, and the county town of Shropshire, England, on the River Severn, north-west of London; at the 2021 census, it had a population of 76,782. The town's name can be pronounced as either 'Shrowsbury' or 'Shroosbury', the correct pronunciation being a matter of longstanding debate. The town centre has a largely unspoilt medieval street plan and over 660 listed buildings, including several examples of timber framing from the 15th and 16th centuries. Shrewsbury Castle, a red sandstone fortification, and Shrewsbury Abbey, a former Benedictine monastery, were founded in 1074 and 1083 respectively by the Norman Earl of Shrewsbury, Roger de Montgomery. The town is the birthplace of Charles Darwin and is where he spent 27 years of his life. east of the Welsh border, Shrewsbury serves as the commercial centre for Shropshire and mid-Wales, with a retail output of over £299 million per year and light industry and distribution centre ...
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Welshpool
Welshpool ( cy, Y Trallwng) is a market town and community in Powys, Wales, historically in the county of Montgomeryshire. The town is from the Wales–England border and low-lying on the River Severn; its Welsh language name ''Y Trallwng'' means "the marshy or sinking land". The community includes Cloddiau and Pool Quay. In English it was initially known as Pool but its name was changed to Welshpool in 1835 to distinguish it from the English town of Poole. The community had a population of 6,664 (as of the 2011 United Kingdom census A census of the population of the United Kingdom is taken every ten years. The 2011 census was held in all countries of the UK on 27 March 2011. It was the first UK census which could be completed online via the Internet. The Office for Nationa ...), with the town having 5,948. It contains much Georgian architecture and is just north of Powis Castle. History St Cynfelin is reputed to be the founder of two churches in the town, St Mary's a ...
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Margate
Margate is a seaside resort, seaside town on the north coast of Kent in south-east England. The town is estimated to be 1.5 miles long, north-east of Canterbury and includes Cliftonville, Garlinge, Palm Bay, UK, Palm Bay and Westbrook, Kent, Westbrook. The town has been a significant maritime port since the Middle Ages, and was associated with Dover as part of the Cinque Ports in the 15th century. It became a popular place for holidaymakers in the 18th century, owing to easy access via the Thames, and later with the arrival of the railways. Popular landmarks include the sandy beaches and the Dreamland Margate, Dreamland amusement park. During the late 20th century, the town went into decline along with other British seaside resorts, but attempts are being made to revitalise the economy. History Margate was listed in the Domesday Book of 1086 as lying within the hundred of Thanet and the county of Kent. Margate was recorded as "Meregate" in 1264 and as "Margate" in 1299, b ...
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Bristol
Bristol () is a city, ceremonial county and unitary authority in England. Situated on the River Avon, it is bordered by the ceremonial counties of Gloucestershire to the north and Somerset to the south. Bristol is the most populous city in South West England. The wider Bristol Built-up Area is the eleventh most populous urban area in the United Kingdom. Iron Age hillforts and Roman villas were built near the confluence of the rivers Frome and Avon. Around the beginning of the 11th century, the settlement was known as (Old English: 'the place at the bridge'). Bristol received a royal charter in 1155 and was historically divided between Gloucestershire and Somerset until 1373 when it became a county corporate. From the 13th to the 18th century, Bristol was among the top three English cities, after London, in tax receipts. A major port, Bristol was a starting place for early voyages of exploration to the New World. On a ship out of Bristol in 1497, John Cabot, a Venetia ...
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