West Bromwich Building Society

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West Bromwich Building Society
Type Building Society (Mutual)
Industry Banking and Financial Services
Founded 1849 (as the Co-operative Steelworkers' Society of West Bromwich[1])
Headquarters West Bromwich, United Kingdom
Products Retail banking, Savings
Mortgages, Investments
Net income £28.3 million GBP (March 2008)
Red Arrow Down.svg13.7% on 2007
Total assets £9.6 billion GBP (March 2008)
Green Arrow Up.svg15.4% on 2007
Employees >851
Website www.westbrom.co.uk

West Bromwich Building Society is a UK building society, with its headquarters in West Bromwich, in the West Midlands of England. It is a member of the Building Societies Association. It was the official club sponsor of West Bromwich Albion F.C. for seven seasons from 1997–2004.

In June 2009 it was revealed that the society was facing a rescue plan which could see it broken up in a similar way to the Dunfermline Building Society.[2]

Since 1978 it has been based within purpose-built headquarters on West Bromwich High Street. However, on 16 June 2010 plans were unveiled to relocate to new facilities in the All Saints area of the town during 2012.

Each year it supports a local charity and encourages staff to be involved in this. An example of a sponsored charity is Acorns (sponsored 2012).

Notes[edit]

  1. ^ "West Bromwich Avoids Break-up in Debt-for-Equity Swap". Bloomberg. 12 June 2009. Retrieved 22 June 2009. 
  2. ^ "Rescue plan for West Bromwich BS". BBC News. 11 June 2009. Retrieved 11 June 2009. 

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