Nationwide
Nationwide announced today that it is to merge with Portman in the biggest ever building society tie-up. The enlarged society, which will be named Nationwide Building Society, will be the UK’s leading mutual organisation with total assets of more than £150 billion.

Who took over the Alliance and Leicester?

Santander
Alliance & Leicester has agreed to be taken over by Spanish banking giant Santander for £1.3bn, raising the possibility of job cuts in the UK. Just hours after A&L admitted that it was in “advanced” takeover talks with an unnamed suitor, Santander announced that a deal had been struck.

Who took over the west of England building society?

In 2005, eight years after its purchase, the Bank of Ireland sold its Bristol & West plc savings and investment business to the Britannia Building Society.

What service does a building society Provide?

Building societies offer banking and related financial services, especially savings and mortgage lending. Building societies often provide other retail banking services, such as current accounts, credit cards and personal loans.

Does the Portman Building Society still exist?

The merged building society is called Nationwide, Portman branches have been closed or rebranded, and the Portman website address now redirects to the Nationwide site. Former Portman members are now members of Nationwide, making Nationwide the UK’s second largest mortgage lender and savings provider.

Will nationwide ever Demutualised?

The industry shrank in the 1990s as larger building societies demutualised to become banks, but the Nationwide, the largest, opted to retain its mutual status and is still owned by members.

Does Alliance Leicester still exist?

It was fully integrated and rebranded as Santander by the end of 2011. The bank’s international subsidiary based in Douglas, Isle of Man, Alliance & Leicester International, continued to use the name Alliance & Leicester, until it was fully merged into Santander UK in May 2013.

Who took over standard building society?

History. The Natal Building Society (NBS) was established as a building society in 1882. In 1998, NBS merged with Boland Bank to form NBS Boland.

Who are the founders of Gateway Computer Company?

Gateway was founded on September 5, 1985, on a farm outside Sioux City, Iowa, by Ted Waitt and Mike Hammond. Originally called Gateway 2000, it was one of the first widely successful direct-sales PC companies, utilizing a sales model copied from Dell, and playing up its Iowa roots with low-tech advertisements proclaiming “Computers from Iowa?”.

What kind of insurance does Portman Building Society offer?

In line with 1986 Building Society Act, Portman was appointed the representative of the Scottish Life Assurance company in 1987 and introduced two new insurance products. ‘Homeguard’ (Buildings and contents insurance) and ‘Loancover’ (Personal accident, sickness and unemployment protection plan).

When did Woolwich Equitable and Gateway Building Society merge?

Anglia Building Society and Nationwide Building Society merged in 1987 to become Nationwide Anglia Building Society. Changed name in 1991 to Nationwide Building Society. Gateway Building Society and Woolwich Equitable Building Society merged in 1988 to become Woolwich Building Society.

What kind of insurance does Gateway Insurance Company offer?

Gateway Insurance Company underwrites a wide range of risks in all classes of insurance including motor insurance, personal accident insurance, medical and travel insurance. Its products are designed to given customers confidence and peace of mind as they go about their businesses.