Society Celebrates 147 Years of Success

13 January 2016

147th birthday

The Society is proud to celebrate its 147th birthday this January. Founded by Newport businessmen on Saturday 23rd January 1869, the Society granted its first loans on 7th May 1869. From humble beginnings, the Society continued to grow and serve communities across South Wales and the South West of England throughout a period of rapid social change, two world wars and many notable events in world history.

Commenting on the Society’s 147th birthday, Chief Executive Andrew Lewis said, “Like many of our fellow mutual building societies, our roots are well entwined in the fabric of our local communities. The Society remains as strong and secure as ever and proudly assumes the position of the 15th largest UK Building Society. The Society’s longevity is a clear indication that customers continue to appreciate our high level of customer service and competitive products.”

He continued, “We’re committed to achieving long-term sustainable growth and ensuring that the Society maintains its position as a friendly, approachable provider of mortgage and savings products.”

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