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). Its first Chief Executive was Phillip Langley-Essen after holding the position of Chief Executive and Managing Director for 16 years at the Grainger. He was influential in the formation of the new society and even designed the new logo. Mr. Langley -Essen retired from the Newcastle in 1986. In 2006, it merged with another Newcastle-based society, the

Universal Building Society right Universal Building Society was a UK building society with headquarters in Newcastle upon Tyne that operated between 1863 and 2006 . It was merged with the Newcastle Building Society in 2006. History and merger The building society was esta ...

. The society opened another office at Cobalt Business Park in North Tyneside in 2008. In May 2010, the society announced its repositioning program in which it announced that it would make 126 jobs redundant and create 80 jobs in its Solutions division. In February 2011, it announced that it plans to lend more to the North East's housing market. In December 2011, Wirecard AG of Germany acquired Newcastle Building Society's prepaid card issuing activities in six European countries.Wirecard acquires prepaid cards division of Newcastle Building Society, 16 December 2011
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References

External links

Newcastle Building SocietyBuilding Societies AssociationEntry in KPMG Building Societies Database 20082010 year-end results, announced March 2011
{{UK Building Societies Building societies of England Banks established in 1980 Companies based in Newcastle upon Tyne 1980 establishments in England