The Cheshire Building Society is a building society based in Macclesfield, Cheshire, England.

PropertyValue
dbpedia-owl:assets
  • 5000000000
dbpedia-owl:foundationdate
  • 1870
dbpedia-owl:industry
dbpedia-owl:keyPersonPosition
  • Karen McCormick, Chief Executive
dbpedia-owl:location
dbpedia-owl:netincome
  • 5100000
dbpedia-owl:numberOfEmployees
  • 800
dbpedia-owl:products
dbpedia-owl:slogan
  • Building Society for the future
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p:abstract
  • The Cheshire Building Society is a building society based in Macclesfield, Cheshire, England. It is the 11th largest in the United Kingdom based on total assets of £5.0 billion at 31 December 2007. It is a member of the Building Societies Association. Established in 1870 in Macclesfield, the Cheshire was one of the first Permanent Societies. The Society is the product of 13 mergers, which began in 1969 when the Cheshire merged with the Northwich Building Society. This was followed by a series of smaller mergers through the 1970's and 80's. The branch network now extends throughout the North West and includes 49 building society branches and 12 property service branches. The Cheshire is a regionally based society however it operates nationally following the launch of Internet and Intermediary Sales channels as well as a Customer Contact Centre located in Macclesfield.It is the official club sponsor of Macclesfield Town FC.On 8 September 2008 it was announced that the Cheshire, along with the Derbyshire Building Society, had agreed to a merger with the Nationwide Building Society, the largest such institution. The merger was borne out of increasing fears about the financial security of both the Derbyshire and the Cheshire societies with the former expected to post half-yearly losses of £17 million and the latter posting losses of £10.5 million. As a result of these projected losses no windfall payments will be made to the savers of the smaller societies as they will receive greater financial security instead. Unusually, there will be no vote amongst members as to this proposition, after a special resolution under the Building Societies Act enabling a faster merger. The deal is expected to be concluded by the end of 2008 with agreement from the Financial Services Authority and the Office of Fair Trading. The Nationwide will initially keep the separate identities of the two societies although they will review this after two years . (en)
p:assets
  • 5000000000
p:companyLogo
p:companyName
  • Cheshire Building Society (en)
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  • Building Society for the future (en)
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p:foundation
  • 1870 (xsd:integer)
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p:homepage
p:industry
p:keyPeople
  • Karen McCormick, Chief Executive (en)
p:location
p:netIncome
  • 5100000
p:numEmployees
  • 800+ (en)
p:products
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rdf:type
rdfs:comment
  • The Cheshire Building Society is a building society based in Macclesfield, Cheshire, England. (en)
rdfs:label
  • Cheshire Building Society (en)
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foaf:name
  • Cheshire Building Society
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