History
Britannia traces its history back to 1856, when the Leek and Moorlands Permanent Benefit Building Society was formed. By 1857, the Society had 204 members and by 1921, it had assets in excess of £1m. The Society evolved into today's Britannia through a series of mergers, firstly with Longton Mutual Permanent Benefit Building Society in 1938 and notably with the NALGO Building Society in 1960—by which time it had become one of the ten largest societies, the Westbourne Park in 1965 (leading to a change of name to Leek and Westbourne) and with the Eastern Counties (as Leek, Westbourne and Eastern Counties) in 1974. A further merger in 1975 with the Oldbury Britannia Building Society saw the change of name to Britannia.
Britannia also includes the engagements of the former Colne and District Permanent Benefit (1977), Westbury and District Permanent (1977), Glantawe Permanent, The (1978), Stoke-on-Trent Permanent (1980), Alfreton (1981), Wellington (Somerset) and District (1981), Denton (1981), Over Darwen (1981), Driffield (1982), Colne (1983), Welsh Economic (1984), Blackheath (1986) and Mornington (1991) building societies.
Read more about this topic: Britannia (former Building Society)
Famous quotes containing the word history:
“For a transitory enchanted moment man must have held his breath in the presence of this continent, compelled into an aesthetic contemplation he neither understood nor desired, face to face for the last time in history with something commensurate to his capacity for wonder.”
—F. Scott Fitzgerald (1896–1940)
“This is the greatest week in the history of the world since the Creation, because as a result of what happened in this week, the world is bigger, infinitely.”
—Richard M. Nixon (1913–1995)
“Only the history of free peoples is worth our attention; the history of men under a despotism is merely a collection of anecdotes.”
—Sébastien-Roch Nicolas De Chamfort (1741–1794)