Scottish Building Society
Encyclopedia
The Scottish Building Society is a building society
based in Edinburgh
, Scotland
. It is the 2nd largest building society based in the country and the 42nd largest in the United Kingdom based on total assets of £259 million at 31 January 2008. It is a member of the Building Societies Association
.
The Society has six branches in Edinburgh
, Galashiels
, Glasgow
, Inverness
, Aberdeen
and Troon
as well as a network of 110 agents throughout Scotland.
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"...
based in Edinburgh
Edinburgh
Edinburgh is the capital city of Scotland, the second largest city in Scotland, and the eighth most populous in the United Kingdom. The City of Edinburgh Council governs one of Scotland's 32 local government council areas. The council area includes urban Edinburgh and a rural area...
, Scotland
Scotland
Scotland is a country that is part of the United Kingdom. Occupying the northern third of the island of Great Britain, it shares a border with England to the south and is bounded by the North Sea to the east, the Atlantic Ocean to the north and west, and the North Channel and Irish Sea to the...
. It is the 2nd largest building society based in the country and the 42nd largest in the United Kingdom based on total assets of £259 million at 31 January 2008. It is a 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 Scottish Building Society was established in 1848 as the Edinburgh Property Investment Company. It changed its name to the Scottish Building Society in 1929.The Society has six branches in Edinburgh
Edinburgh
Edinburgh is the capital city of Scotland, the second largest city in Scotland, and the eighth most populous in the United Kingdom. The City of Edinburgh Council governs one of Scotland's 32 local government council areas. The council area includes urban Edinburgh and a rural area...
, Galashiels
Galashiels
Galashiels is a burgh in the Scottish Borders, on the Gala Water river. The name is often shortened to "Gala" .Galashiels is a major commercial centre for the Scottish Borders...
, Glasgow
Glasgow
Glasgow is the largest city in Scotland and third most populous in the United Kingdom. The city is situated on the River Clyde in the country's west central lowlands...
, Inverness
Inverness
Inverness is a city in the Scottish Highlands. It is the administrative centre for the Highland council area, and is regarded as the capital of the Highlands of Scotland...
, Aberdeen
Aberdeen
Aberdeen is Scotland's third most populous city, one of Scotland's 32 local government council areas and the United Kingdom's 25th most populous city, with an official population estimate of ....
and Troon
Troon
Troon is a town in South Ayrshire. It is situated on the west coast of Scotland, about eight miles north of Ayr and three miles northwest of Glasgow Prestwick International Airport. Lying across the Firth of Clyde, the Isle of Arran can be seen. Troon is also a port with freight and ferry services...
as well as a network of 110 agents throughout Scotland.