Society Celebrates 148 Years of Success

23 January 2017

bday

The Society is thrilled to be celebrating its 148th anniversary 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 has continued to grow throughout a period of rapid social change, two world wars and many notable events in world history.

With over 70,000 savings and borrowing members today, the Society remains committed to investing in its strong branch and agency network across South Wales and the South West of England and supporting groups and organisations at the heart of our communities.

Commenting on the Society’s 148th birthday, Chief Executive James Bawa said, “Monmouthshire Building Society formed with the very simple aim of helping local people save for the future and buy their own homes and, like many of our fellow mutual building societies, our connection to the community is as strong now as it was then.”

He continued: “We’re committed to ensuring that the Society is the premier provider of mortgage and savings products for people in South Wales and the South West of England, championing a business model that is just as relevant today as it was almost a century and a half ago.”

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