Newbury
Building Society Company Information
About
The Newbury Building Society Company
Newbury Building Society was established in 1856 under the name
of "The Newbury Permanent Benefit Building and Investment Society".
At
the first Annual General Meeting in November 1857, it was reported
that mortgage advances totalling £840 had been granted. There
were 57 members and the profit for the year was £14 and 10
shillings.
In
January 1894, a struggling rival, Newbury and District Industrial
Building Society, merged with the newly named Newbury and Permanent
Benefit Building Society. In 1896 the Society's original rented
premises in Northbrook Street were purchased for £525 and
it operated here until 1934 when offices in Bartholomew Street were
acquired (now occupied by Sovereign Housing Association).
In
1932, the Society's name was changed to "Newbury Building Society".
The first branch was opened in Aldershot in 1962 and in the 1970s
and early 1980s the Society expanded its network by establishing
branches in Oxfordshire, Berkshire and North Hampshire. In 1982,
the Society's central administration moved to a purpose built building
behind the offices in Bartholomew Street and the front offices became
the Newbury branch.
In
1993, Newbury branch moved to Northbrook Street and the offices
at the front of Bartholomew Street were sold to Sovereign Housing.
In 1995, Head Office was extended to incorporate the growing number
of staff, a measure of the increased success of the Society.
Today, the Society is stronger than ever. Total assets are just
over £430 million.
The
future looks bright for a Society committed to the values of a traditional
building society and to remaining the spirit and practice of a mutual
organisation, operating exclusively for the benefit of borrowers
and savers.
17 Bartholomew Street
Newbury
Berkshire
RG14 5LY
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