Monmouthshire Building Society

Monmouthshire Building Society
Monmouthshire Building Society
Type Building Society (Mutual)
Industry Banking and Financial Services
Founded 1869
Headquarters Monmouthshire House,
John Frost Square,
Newport NP20 1PX
Key people Andrew Lewis, Managing Director
Products Savings, Mortgages, Investments,
Loans, Insurance
Net income £2.6 million GBP (April 2008), Green Arrow Up.svg8.2% on 2007
Total assets £607 million GBP (April 2008), Green Arrow Up.svg15.2% on 2007
Website www.monbs.com

The Monmouthshire Building Society is a Welsh building society, which has its head office at Monmouthshire House in the city of Newport, South Wales. It is a founder member of the Building Societies Association.

History

The society was formed in January 1869 as the Monmouthshire and South Wales Permanent Investment Benefit Building Society. Five of the original board of directors went on to be mayors of Newport.

In 1890 the operations were moved to new offices in Friars Chambers, Dock Street, where the Head Office stands today, although the development of John Frost Square meant the rebuilding of the offices. The society's name has been shortened over the years; the most recent name change coincided with the society's centenary in 1969.

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