West Bromwich Building Society

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West Bromwich Building Society
Building Society (Mutual)
IndustryBanking and Financial Services
Founded1849 (as the Co-operative Steelworkers' Society of West Bromwich[1])
HeadquartersWest Bromwich, United Kingdom
Number of locations
37
ProductsRetail banking, Savings
Mortgages, Investments
£1.0 million GBP (March 2014)
Total assets£5.6 billion GBP (March 2014)
Green Arrow Down.svg-8.92% on 2013 [2]
Members464 000 (March 2014) [2]
Number of employees
753
Websitewww.westbrom.co.uk

West Bromwich Building Society is a UK building society, formed in 1849[3] 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.[4]

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. ^ a b Company Profile: West Bromwich Building Society
  3. ^ http://ppiclaimletter.me.uk/west-bromwich-building-society.html
  4. ^ "Rescue plan for West Bromwich BS". BBC News. 11 June 2009. Retrieved 11 June 2009.

External links[edit]