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Leeds Building Society

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(Redirected from Mercantile Building Society)
Not to be confused with Leeds Permanent Building Society.

Leeds Building Society
Company typeBuilding society, (mutual)
IndustryFinancial services
Founded1875; 150 years ago (1875)
HeadquartersLeeds, England
Number of locations
56
Key people
Richard Fearon[1] (chief executive)
ProductsSavings, Mortgages, Investments, Insurance, Financial Planning
RevenueIncrease £376.7 million (2022)
Increase £220.5 million (2022)
Increase £161.9 million (2022)
Total assetsIncrease £25,513 million (2022)
Total equityIncrease £1,506 million (2022)
Number of employees
  • Neutral increase 1,538 (2022)
  • 1,474 (2021)
WebsiteOfficial website Edit this at Wikidata

Leeds Building Society (formerly known as the Leeds and Holbeck Building Society) is a British building society based in Leeds, West Yorkshire. It serves over 991,000 members across the United Kingdom and holds over £31.6 billion in assets.[2] It is a member of the Building Societies Association.[3]

History

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A branch in Wetherby in new branding
The new headquarters on Sovereign Square in Leeds.

The society was registered as the Leeds and Holbeck (Permanent) Building Society in 1875, though the society originated from a group called the Leeds Union Operative Land and Building Society which formed in 1845.[4] The society was renamed to Leeds Building Society in September 2005. It has 65 branches across the UK, with 29 located in Yorkshire, and previously had two international branches located in Gibraltar and Dublin, Ireland. The head office is located on Sovereign Street in Leeds city centre.

It should not be confused with the defunct Leeds Permanent Building Society, which was also known as The Leeds, which merged with the Halifax Building Society on 1 August 1995.[5]

On 1 August 2006, following approval by the Mercantile members and confirmation by the Financial Services Authority (FSA), Leeds Building Society merged with Mercantile Building Society, in North Shields, an area of North Tyneside, in Tyne and Wear.[6][7]

Sponsorship

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The Leeds Building Society is also the main shirt sponsor of the Super League rugby league side Leeds Rhinos.[8]

Arms

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Coat of arms of Leeds Building Society
Notes
Granted 25 July 1960
Crest
On a wreath of the colours an owl between two sprigs of thrift flowered and leaved Proper.
Escutcheon
Azure a fesse wavy Argent surmounted of a tower Or on a chief Sable three mullets also Argent.
Supporters
On either side a griffin Argent gorged with a collar Gules charged with three bezants pendent from the collar a key also Gules and resting the interior hind paw on a rose also Argent barbed and seeded Proper.
Motto
Servate Et Servite[9]

References

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  1. ^ "About the Board of Directors – Leeds Building Society". www.leedsbuildingsociety.co.uk. Retrieved 7 February 2019.
  2. ^ "Leeds Building Society marks 150th anniversary, reports £5.7bn mortgage lending in 2024". The Intermediary. 28 February 2025. Retrieved 21 March 2025.
  3. ^ "Leeds Building Society". Building Societies Association. Retrieved 7 July 2023.
  4. ^ "History Of LBS – Leeds Building Society". www.leedsbuildingsociety.co.uk. Retrieved 7 February 2019.
  5. ^ "Leeds Permanent Building Society". Registers of Scotland. Retrieved 7 July 2023.
  6. ^ Building Society Mergers and Conversions since 1980 Archived 24 July 2011 at the Wayback Machine Building Societies Association website (Retrieved 5 April 2007)
  7. ^ "Mergers and Conversion". Building Societies Association. 1 July 2013. Archived from the original on 23 April 2014. Retrieved 21 April 2014.
  8. ^ "Leeds Rhinos Samaritans shirts go up for auction". 18 October 2019.
  9. ^ "Leeds and Holbeck Building Society". Heraldry of the World. Retrieved 25 September 2021.
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