Lambeth Building Society Explained

The Lambeth Building Society was a UK building society. It was founded in February 1852 as The Number Three Borough of Lambeth Permanent Benefit Building Society.[1]

It merged with the Portman Building Society in 2006.[2] At the time of the merger, the Lambeth was the 20th largest building society in the UK, with assets of £1 billion.[3] It was based in the south of London, with 9 branches and approximately 130 employees.

Following Portman's merger with Nationwide Building Society, branches now bear the Nationwide name.[4]

References

  1. http://www.london-se1.co.uk/news/view/2355 London Se1 Community Website
  2. http://www.bsa.org.uk/docs/consumerpdfs/mergerschronolog.pdf Building Society Mergers and Conversions since 1980
  3. http://www.london-se1.co.uk/news/view/2043 Lambeth Building Society announces decision to merge with Portman
  4. Web site: Nationwide and Portman building societies to merge. 2006-09-12. The Independent. en. 2020-05-29.