Britannia Building Society

Britannia Building Society
Company typeBuilding Society (Mutual)
IndustryFinancial services
Founded1856 (1856)
Defunct1 August 2009 (2009-08-01) (merged into The Co-operative Banking Group)
FateDissolution
HeadquartersLeek, Staffordshire, United Kingdom
Number of locations
254 (2008)
Key people
Neville Richardson, final Chief Executive
ProductsSavings and Mortgages
£49.3 million (December 2007)
Total assets£36.8 billion (31 December 2007)
Number of employees
5,000 (2008)
ParentThe Co-operative Bank
Websitewww.britannia.co.uk

The Britannia Building Society was founded as the Leek & Moorlands Building Society in Leek in 1856. It expanded steadily as a regional society until the late 1950s when it began a major expansion drive, partly through branch openings but also some 55 acquisitions. The most substantial of these were the NALGO Building Society in 1960; the Westbourne Park in 1965 (becoming the Leek and Westbourne); and the Eastern Counties Building Society in 1974. The Society’s name was changed to the Britannia Building Society the following year.

Following the acquisition of the Bristol & West in 2005, the Britannia became the second-largest building society in the UK (based on total assets of £36.8 billion) at 31 December 2007.

It merged with The Co-operative Banking Group in 2009, and was legally dissolved as a separate organisation on 1 August that year; it has remained as a trading name of The Co-operative Bank ever since. In January 2013, the Co-operative announced that the brand would be phased out by the end of 2013, and began rebranding branches under its own name. However, the Co-operative Bank's own financial crisis resulted in the original plans being abandoned. Many Britannia branches were instead closed, and only a small number were retained and rebranded.