Leeds Building Society Explained

Leeds Building Society
Type:	Building society, (mutual)
Industry:	Financial services
Products:	Savings, Mortgages, Investments, Insurance, Financial Planning
Revenue:	(2022)
Operating Income:	(2022)
Net Income:	(2022)
Assets:	(2022)
Equity:	(2022)
Location:	Leeds, England, UK
Locations:	56
Key People:	Richard Fearon^[1]

Leeds Building Society (formerly known as the Leeds and Holbeck Building Society is a building society based in Leeds, England. It serves approximately 719,000 customers across the United Kingdom, who together hold £9.9 billion in savings balances and is the fifth largest building society in the UK.^[2] It is a member of the Building Societies Association.^[3]

At December 2022, the Society had total assets of more than £25 billion.^[4]

History

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.^[5] 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.^[6]

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.^{[7] [8]}

Sponsorship

The Leeds Building Society is also the main shirt sponsor of the Super League rugby league side Leeds Rhinos.^[9]

Arms

Notes:	Granted 25 July 1960
Escutcheon:	Azure a fesse wavy Argent surmounted of a tower Or on a chief Sable three mullets also Argent.
Crest:	On a wreath of the colours an owl between two sprigs of thrift flowered and leaved Proper.
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^[10]

Notes and References

1. Web site: About the Board of Directors - Leeds Building Society. www.leedsbuildingsociety.co.uk. 7 February 2019.
2. Web site: Leeds Building society achieves Leaders in Diversity accreditation. 26 October 2018.
3. Web site: Leeds Building Society. Building Societies Association. 7 July 2023.
4. Web site: 18 February 2024. Leeds Building Society Annual Report and Accounts 2022. live. https://web.archive.org/web/20230329235756/https://www.leedsbuildingsociety.co.uk/_resources/pdfs/your-society-pdfs/agm/2023/annual-report-accounts-2023.pdf. 29 March 2023. 18 February 2024.
5. Web site: History Of LBS - Leeds Building Society. www.leedsbuildingsociety.co.uk. 7 February 2019.
6. Web site: Leeds Permanent Building Society. Registers of Scotland. 7 July 2023.
7. http://www.bsa.org.uk/docs/consumerpdfs/mergerschronolog.pdf Building Society Mergers and Conversions since 1980
8. Web site: Mergers and Conversion . . 1 July 2013 . 21 April 2014 . https://web.archive.org/web/20140423041345/http://www.bsa.org.uk/consumers/general/general-consumer-fact-sheets/mergers-and-conversions-into-plc-banks/ . 23 April 2014 . dead .
9. Web site: Leeds Rhinos Samaritans shirts go up for auction. 18 October 2019 .
10. Web site: Leeds and Holbeck Building Society . Heraldry of the World . 25 September 2021.