Monmouthshire Building Society
Encyclopedia
The Monmouthshire Building Society is a Welsh
building society
, which has its head office at Monmouthshire House in the city of Newport
, South Wales
. It is a founder member of the Building Societies Association
.
.
In 1890 the operations were moved to new offices in Friars Chambers, Dock Street, where the Head Office stands today, although the development of John Frost Square meant the rebuilding of the offices. The society's name has been shortened over the years; the most recent name change coincided with the society's centenary in 1969.
Wales
Wales is a country that is part of the United Kingdom and the island of Great Britain, bordered by England to its east and the Atlantic Ocean and Irish Sea to its west. It has a population of three million, and a total area of 20,779 km²...
building society
Building society
A building society is a financial institution owned by its members as a mutual organization. Building societies offer banking and related financial services, especially mortgage lending. These institutions are found in the United Kingdom and several other countries.The term "building society"...
, which has its head office at Monmouthshire House in the city of Newport
Newport
Newport is a city and unitary authority area in Wales. Standing on the banks of the River Usk, it is located about east of Cardiff and is the largest urban area within the historic county boundaries of Monmouthshire and the preserved county of Gwent...
, South Wales
South Wales
South Wales is an area of Wales bordered by England and the Bristol Channel to the east and south, and Mid Wales and West Wales to the north and west. The most densely populated region in the south-west of the United Kingdom, it is home to around 2.1 million people and includes the capital city of...
. It is a founder member of the Building Societies Association
Building Societies Association
The Building Societies Association is the trade organisation of the building societies in the United Kingdom. In 2011 the 48 building societies in the UK had total assets of over £317 billion. 15 million adults have building society saving accounts and over 2.9 million adults are currently buying...
.
History
The society was formed in January 1869 as the Monmouthshire and South Wales Permanent Investment Benefit Building Society. Five of the original board of directors went on to be mayors of NewportMayor of Newport
The Mayor of Newport is the civic figurehead and first citizen of the city of Newport in the United Kingdom. The position is now largely ceremonial, but it still has high-profile rôle in maintaining and promoting the interests of the city and its people...
.
In 1890 the operations were moved to new offices in Friars Chambers, Dock Street, where the Head Office stands today, although the development of John Frost Square meant the rebuilding of the offices. The society's name has been shortened over the years; the most recent name change coincided with the society's centenary in 1969.