The Lambeth Building Society was a UK

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 Kingdo ...

. It was founded in February 1852 as The Number Three Borough of Lambeth Permanent Benefit Building Society. It merged with 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 cent ...

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 London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...

, 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