West Bromwich Building Society

West Bromwich Building Society is a building society, based in West Bromwich, England.[3] It is a member of the Building Societies Association.

West Bromwich Building Society
TypeBuilding Society (Mutual)
IndustryBanking and Financial Services
Founded1849 (as the Co-operative Steelworkers' Society of West Bromwich[1])
HeadquartersWest Bromwich, England, UK
Number of locations
36
ProductsRetail banking, Savings
Mortgages, Investments
£1.0 million GBP (March 2014)
Total assets£5.6 billion GBP (March 2014)
-8.92% on 2013 [2]
Members464 000 (March 2014) [2]
Number of employees
753
Websitewww.westbrom.co.uk

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 was 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.

In 2016 they moved just down the road to a new purpose-built location in Providence Place, with the former location later being sold for £3m for conversion to 100 residential flats.

Each year it supports a local charity and encourages staff to be involved in this. An example of a sponsored charity is Acorns Childrens Hospicein 2012.[5]

It was the official club sponsor of West Bromwich Albion F.C. for seven seasons from 1997–2004.[6]

Notes
  1. "West Bromwich Avoids Break-up in Debt-for-Equity Swap". Bloomberg. 12 June 2009. Retrieved 22 June 2009.
  2. "West Bromwich Building Society (United Kingdom) - Bank Profile". thebanks.eu.
  3. "Welcome to the West Brom | West Bromwich Building Society". www.westbrom.co.uk.
  4. "Rescue plan for West Bromwich BS". BBC News. 11 June 2009. Retrieved 11 June 2009.
  5. https://www.westbrom.co.uk/-/media/wbbs/files/pdfs/financial-information/annual_reports_and_accounts_2013.ashx
  6. "News Analysis: Playing in the major league". www.campaignlive.co.uk.
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