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Abbey National

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277:. An application was made to register under the 1836 Building Societies Act but the registrar refused to accept the name. Accordingly, the name was changed to The National Permanent Mutual Building Society, with an authorization for it to be commonly called The National Freehold Land Society. Despite the building society registration and formal name, there was no doubt as to the National’s function. The 1852 Prospectus clearly stated that “The special objects of this Society are to facilitate the acquisition of freehold land, and the erection of houses thereon – to enable such of its members as are eligible, to obtain the county franchise”. (The name was changed in 1894 to The National Freehold Land and Building Society and finally to The National Building Society in 1930). 374:
Oak Co-operative in 1979. In 1971, the Abbey was opening a branch per week and in 1974, the peak of the private housing boom, there were 335 branches and £3bn. assets. This growth could not have taken place without the increase in new private housebuilding and the expansion in home ownership that created the second-hand market; it also reflected more innovative marketing policies. This innovation reached its peak with the appointment of Clive Thornton as general manager in 1979. He led a wide range of marketing initiatives, perhaps the best known being the registration of the name “Granny Bonds” to rival the National Savings product.
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removed building controls and the growth in home ownership and private housebuilding resumed. However, the Society still had little more than a hundred branches and, with the pre-war management still in control, perhaps it was no longer as innovative. Eventually, 1963 saw the departure of the “old guard”: Chairman Harold Bellman died aged 76; Bruce Wycherley, general manager of the National from 1933 and chief executive of the merged group from 1948, resigned, as did Stanley Ramsey the “original architect” of the merger.
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distinct, there was a commonality of directors and staff. The objective was to make the National “more emphatically than it has ever been yet, a Savings Bank and Building Society.” At that point, British Land accounted for two thirds of the National’s advances. The importance of British Land to the National gradually diminished although it was not until 1874 that the proportion fell to below one half; after an internal row over the ownership of the National’s head office, all the advances were repaid in 1878.
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Secretary of the Society in 1921. He overhauled every aspect of the operations, introduced improvements, advertised in the national press and opened branches outside the Society’s home area. By 1929, the number of members had exceeded 100,000 and these doubled in the following two years. It was in this inter-war period that Abbey overtook the National in size: in 1918, the National had £1.2m assets against Abbey Road’s £0.8m whereas in 1939 Abbey’s assets totalled £51m against the £36m of the National.
386:. Abbey even formed its own private housebuilding company, Abbey National Homes, in 1986. It built 2-300 houses a year but during the housing recession of 1990-92 it lost over ÂŁ50m and was closed. The range of services offered brought Abbey National ever closer to a clearing bank. In 1988, Abbey introduced a full-service interest-bearing cheque account; its administration was restricted by building society rules and the need to find a partner that could clear Abbey's cheques ( 1832: 2944: 258:
and was outside the reach of the average worker. A scheme to obviate this capital requirement was launched in 1847 as the Birmingham Freehold Land Society. In simple terms, the society arranged for the purchase of tracts of land and divided them into plots which individuals could purchase, the cost being met by regular subscriptions. The success of the Birmingham Society prompted a flood of other societies around the country, of which the National was one.
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National claimed to be taking forty per cent of the funds. Once the plots had been purchased, the National recognized the need to provide finance for the houses that were to be built on them. In 1854 it published its first advert, inviting applications for advances “for the erection of houses on the Estates”; those advances were not to exceed two-thirds of the net value and to be repaid over ten years.
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The National Building Society had its origins in the freehold land movement, sometimes called the “forty shilling freeholders movement”. In country areas, the voting entitlement was dependent on the possession of freehold land with an annual value of £2. This required a capital outlay of some £60-70
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Abbey National was now set for rapid expansion. By 1968, the branch network had reached 150 and assets exceeded ÂŁ1bn. In the next ten years the business of four other societies was acquired: the Definite Permanent in 1968, The State Building Society in 1970, Highgate Building Society in 1974 and the
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The Abbey was founded in 1874 by members of the Free Church in Abbey Road and of the Abbey Road Church Benefit Society. The chosen name of the society was the Abbey Road and St John’s Wood Mutual Benefit Building Society and it was launched in 1875. Three years later the Society registered under the
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The Santander Group announced in May 2009 that Abbey and the Bradford & Bingley branch network would be renamed under the Santander brand on 11 January 2010. Credit cards issued by Abbey were the first to change to Santander. The Abbey name was retained for the Abbey for Intermediaries mortgage
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for ÂŁ8 million in August 1993. The 347-strong chain employed 1,800 staff and was subject to a write-down of ÂŁ138 million in March 1993 following annual losses since 1989 of at c. ÂŁ20 million. Having sold off around 280 branches in 1994, the remaining 70 branches of Cornerstone (although over 200 of
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Thornton was more than a passive supplier of funds to house purchasers. He took an activist approach to the housebuilding industry arguing that building societies should finance building of houses and flats to rent privately. In 1980, the Abbey set aside ÂŁ250m to stimulate the private homes sector.
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WWII brought a cessation to new housebuilding and the building societies preoccupation was supporting mortgage owners and the consequences of bomb damage to properties. By 1943, as the prospect of victory increased, the Government led discussions on post-war reconstruction. The National’s Chairman,
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Because the Society was not legally allowed to hold land in its own name, in 1858 it formed a separate company British Land to take over all the land previously held in the name of the Trustees. All the capital was subscribed by the National’s own investors but although British Land was financially
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The Society was not allowed to purchase land in its own name, so purchases were made by the Trustees and quickly thirteen estates were purchased around London. Within four years, the National had become the largest land society in the country. There were over 100 such societies in existence and the
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collapsed creating widespread financial uncertainty. In the event, funds flowed into the National in excess of its ability to find borrowers and it decided to deploy surplus funds in the north of England. Losses were incurred and the National confined its operations to within 100 miles of London.
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In July 2007, Abbey admitted that errors that it made in the 1980s have contributed to many borrowers' mortgage terms being extended by up to 15 years. During this period – which saw considerable turbulence in interest rates – Abbey extended the terms on customers'
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However, even after the War, the Abbey Road “was little known outside the borough of Paddington in which it was situated” The catalyst for change was the arrival of Sir Harold Bellman, later a commanding figure in the building society sector. He joined the board of management in 1918 and became
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The post-war Labour government ensured that resources for housing reconstruction was almost entirely concentrated on local authority housing, while stringent controls severely limited the private sector, the building societies’ natural market. Between 1951 and 1954, the Conservative government
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Abbey had Banking Contact Centres in Belfast, Glasgow, Sheffield, and Bootle. Business Banking operations, both administrative and telephony, were also based in Glasgow, having been moved from Taunton and Newport early in 2005. Abbey previously operated contact centres in Derby, Liverpool and
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c. 42) and the name was changed to the Abbey Road and St John’s Wood Permanent Building Society. In contrast to the high-profile public figures who founded the National, the start of Abbey Road was more modest. By 1888, the address was still at the schoolroom of the Abbey Road Church and the
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Following shareholders' approval at the EGMs of Abbey (95 per cent voted in favour, despite vocal opposition from most of those present) and Santander, the acquisition was formally approved by the courts and Abbey became part of the Santander Group on 12 November 2004.
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Investments were previously branded as Inscape, but were renamed Premium Investments in the end of 2008, provided by Santander Portfolio Management. This was subsequently subsumed into the more general telephony operations and the original contact centre based in
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which allowed financial institutions to own estate agencies, Abbey National launched its own estate agency chain; Cornerstone, purchasing many smaller chains and individual offices with a view to opening a new channel for selling mortgages and endowment policies.
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in New York damaged confidence in various financial areas. From this point, Abbey struggled from financial losses and a tarnished image. The chief executive, Ian Harley, a long-time Abbey employee, resigned and his post was filled by an outsider, Luqman Arnold.
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Secretary advised that he would be available on Friday evenings at his home. The early years saw rapid growth in members of the Society from 111 in that first year to over 1,000 in 1884, reaching 2,000 in 1881, 3,000 in 1901 and over 7,000 by the outbreak of
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The demutualisation process was marred by the discovery of a large number of undelivered share certificates awaiting destruction at a contractor's premises. Abbey National shares peaked at more than ÂŁ14 in 2000, before the stock market began a long decline.
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Francisco Gómez Roldán took over as chief executive from Luqman Arnold, who received a rumoured £5 million, made up of pay off and share options. Gómez-Roldán died suddenly in July 2006, three weeks before being succeeded by Antonio Horta Osorio.
1783: 630:. The businesses sold to Resolution were Scottish Mutual Assurance, Scottish Provident Limited and Abbey National Life, two offshore life companies, Scottish Mutual International and Scottish Provident International Life Assurance Limited. 1113: 304:
there was exceptional growth both for the industry and the National in particular. Over a 15-year period the advances of the Building Societies Association rose eight-fold whereas those of the National rose by a factor of twenty.
671:, James Hay and Cahoot brands remained. Santander UK plc also retained the name Abbey National Treasury Services ltd ("ANTS") for the division responsible for managing its liquidity, risk management and wholesale banking needs. 534:, leasing rolling stock to the train operating companies in the United Kingdom. The bank launched its online bank, Cahoot, in June 2000. In August 2000 The First National subsidiary purchased Highway Vehicle Management from 655:
Abbey migrated all customer accounts to the Partenon computer software used by Santander in June 2008. On 27 October 2008, Abbey reached an agreement to sell Porterbrook to a consortium of Deutsche Bank, Lloyds TSB and
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After losses of at least ÂŁ243 million, Abbey National decided to sell its estate agency business Cornerstone to two entrepreneurs, Tony Snarey and Bill McClintock, in a management buyout backed by insurance company
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of Barings Bank. In the summer of 1995, Abbey National purchased First National Finance Corporation, a consumer credit company, for about ÂŁ285 million. Two life assurance companies were demutualised and acquired,
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name was implemented at the beginning of 1944 with Sir Harold Bellman as Chairman and Stanley Ramsey as his deputy. At the time of the merger, Abbey Road was the second largest society and National, the sixth.
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In July 1994, Abbey National purchased James Hay, one of the United Kingdom's foremost independent providers of self administered pensions. James Hay then went on to grow in strength and launched Abbey Wrap,
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On 26 July 2004, Abbey National plc and Banco Santander Central Hispano, SA announced that they had reached agreement on the terms of a recommended acquisition by Banco Santander of Abbey.
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Stanley Ramsey, argued that greater scale would be needed to deal with the financial challenges of reconstruction and in 1943 he proposed a merger to the Abbey Road. The merger under the
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In August 1996, Abbey National took over the National & Provincial Building Society, which was itself the product of a 1982 merger between the Provincial Building Society and the
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As a result of the banking crisis of 2008, Abbey purchased the savings business and branches of Bradford & Bingley in September 2008 following the nationalisation of B&B by
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The repayment of the British Land loans marked the final break with the old freehold land movement and this was formalized in 1880 when the National incorporated under the
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On either side a lion Or charged on the shoulder with a billet that on the dexter sable with a fleur-de-lis Or that on the sinister Ermine with a sword erect Gules.
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In 1932, the society moved into new headquarters, Abbey House, at 219–229 Baker Street, London, which it occupied until 2002. The site was thought to include
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launched and the Abbey National umbrella logo dropped. Banking literature was also simplified as part of the programme, labelled 'turning banking on its head'.
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Abbey retained all of its branch based investment and asset management business, James Hay, Abbey's self invested personal pension company and James Hay Wrap.
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Elkington described the 30 years from 1890 as a period of consolidation with the Society always in the top dozen nationally. However, in the period after
1105:"Abbey National sells estate agents for 8m pounds: Two entrepreneurs buy Cornerstone chain after bank's losses since 1987 mount to at least pounds 243m" 3015: 699:. Its savings and banking administration departments were in Bradford, with mortgage centres in Thornaby-on-Tees and Whiteley (which closed in 2010). 394:(BACS) and became member of the BACS and CHAPS clearing systems. The stage was set for Abbey to end its mutual status and become a public company. 1232: 1705: 1069: 2985: 1727: 1496: 1446: 664:
division and was retained for a time for Abbey International before the latter was subsequently rebranded as Santander Private Banking.
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At first, this provided a good profit stream, despite the criticisms of some analysts. This eventually undid the company, however, when
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Thornton worked with Local Authorities to finance inner city renovation, one of the best-known examples being the loan of ÂŁ3m to the
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Arnold spearheaded a major reorganisation of the bank. The First National business was sold, with the car hire business sold to
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In September 2003, the bank rebranded as Abbey, and in November 2004, it became a wholly owned subsidiary of the Spanish
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On a wreath of the colours a lion statant Or gorged with a chain hanging therefrom a key wards to the sinister Gules.
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in India in 2003. Following the takeover by the Santander Group, the Gateshead operations also closed in March 2005.
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the sold branches continued to use the name at the time) were put into receivership in October 1995.
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Gateshead. The Derby and Liverpool centres were closed, as part of a cost-cutting exercise.
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and Abbey opposite each other on Hounslow High Street prior to the January 2010 rebranding
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attempted to merge with the bank in July 2001, though that was ultimately rejected by the
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for ÂŁ848 million. In September 2003 the brand name was shortened to Abbey, the abbey.com
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was formed in 1944 by the merger of the Abbey Road and the National building societies.
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In 1849 The Metropolitan Freehold Land Society was formed, led by such prominent
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In February 1995, Abbey National Baring Derivatives were taken down along with
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approved in August 2003. This was relaunched as James Hay Wrap in June 2005.
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The bank shortened its name and dropped the previous umbrella logo in 2003.
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The Abbey National Building Society became the first of the United Kingdom
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in 1992 and Scottish Provident in 2001, which enabled Abbey to pursue the
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Abbey's registered office was in London (built on the site of the former
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plc. Prior to the takeover, Abbey National plc was a constituent of the
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Trust to help regenerate 4,000 houses on a rundown council estate in
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at ÂŁ1.30 per share, resulting in an unusually large number of small
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In 1987, as a result of financial deregulation enshrined in the
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was combined with the bank, and Abbey National plc was renamed
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stated that Abbey customers may be eligible for compensation.
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as Abbey National plc on 12 July 1989. It was floated on the
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Sir Harold Bellman, The Thrifty Three Millions, 1935, London
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Abbey National House, the bank's registered office in London
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for ÂŁ773 million. Porterbrook was one of the three railway
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It was the first building society in the United Kingdom to
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In June 2006, Abbey agreed to sell its life businesses to
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Sir Harold Bellman, Bricks and Mortals, 1949, Hutchinson
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E J Cleary, The Building Society Movement, 1965, London
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repayment style mortgages without their knowledge. The
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Companies formerly listed on the London Stock Exchange
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for ÂŁ46 million, with the remaining business sold to
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Article: Abbey arm gets given wrap and Sipp control
1470:"Deal Gives Banco Santander a Foothold in Britain" 938:(online ed.). Oxford University Press. 2004. 927: 1890:Commercial and retail banks in the United Kingdom 1751: 1728:"Santander Financial Services plc | Santander UK" 1520: 652:by Santander had been agreed earlier that month. 327:. A new office was eventually required in 1906. 2972: 1561:"Abbey Borrowers Face Lengthened Mortgage Terms" 1067:Extract from Building Societies Yearbook 2009/10 2981:Former building societies of the United Kingdom 1590:Santander Group Santander (29 September 2008). 1097: 1095: 1539: 1134: 1048:Berry Ritchie, A Key to the Door, 1990, London 2448: 1874: 1497:"HBOS fury as EU backs Santander's Abbey bid" 1402:"Abbey sells First National in ÂŁ848m GE deal" 837:British Housebuilders: History & Analysis 760:Argent a cross Gules over all a castle Sable. 3021:2010 disestablishments in the United Kingdom 3011:Financial services companies based in London 1846:Documents and clippings about Abbey National 1777: 1420:"Abbey revamp to 'turn banking on its head'" 1295: 1188: 1149: 1092: 830:Building Societies Their Origin and History 390:). Later, Abbey became a full member of the 1558: 1493: 966:"Bellman, Sir (Charles) Harold (1886–1963)" 895: 893: 891: 889: 887: 885: 368: 309:Pre-merger: The Abbey Road Building Society 2455: 2441: 1881: 1867: 1251:"Abbey National to Buy Scottish Provident" 1137:"Demutualisation: Should you sell up now?" 736: 221:. Abbey National launched an online bank, 3016:1944 establishments in the United Kingdom 1780:"Premium Investments: Savings: Santander" 1272:"List of demutualised building societies" 1269: 1044: 1042: 1040: 1038: 994:, compiled by John Ayto and Ian Crofton, 913: 911: 909: 359: 253:Pre-merger: The National Building Society 1642: 1155: 1101: 882: 678: 602: 590: 550: 413: 27:Former British bank and building society 1645:"Abbey completes Partenon core project" 1618:"A&L shareholders approve takeover" 1521:Stephen Seawright (27 September 2006). 1467: 1298:"Stagecoach poised to sell Porterbrook" 970:Oxford Dictionary of National Biography 935:Oxford Dictionary of National Biography 901:The National Building Society 1849-1934 802:The National Building Society 1849-1934 695:) and its main corporate centre was in 586: 442:– approximately 1.8 million initially. 14: 2973: 1510:from the original on 24 December 2008. 1444: 1035: 906: 484:in one place. Abbey Wrap Managers was 2436: 1862: 1610: 1170:from the original on 27 February 2020 1116:from the original on 27 February 2020 1014: 854: 852: 418:The former 'house roof umbrella' logo 392:Bankers' Automated Clearing Services 2986:Defunct banks of the United Kingdom 1752:Fran Duckett-Pike (30 March 2010). 24: 1663:"Porterbroook Leasing sale agreed" 1384:"New Abbey boss facing tough task" 1156:Willcock, John (20 October 1995). 1135:Miles Brignall (13 October 2007). 849: 409: 25: 3032: 1823: 1806:"Abbey National Building Society" 1671:. 27 October 2008. Archived from 1468:Timmons, Heather (27 July 2004). 1358:"Lloyds TSB/Abbey tie-up blocked" 1102:Willcock, John (17 August 1993). 1087:Private Housebuilding Annual 1997 860:"Santander scraps UK bank brands" 816:Abbey National Conversion to Plc 528:rolling stock operating companies 2953: 2943: 2942: 2096:National Savings and Investments 1830: 1708:from the original on 30 May 2009 1542:"Abbey sells life insurance arm" 1494:William Kay (6 September 2004). 1322:"Abbey National launches Cahoot" 870:from the original on 29 May 2009 563:turned out to be unsafe and the 168:Abbey National Treasury Services 45: 1798: 1771: 1745: 1720: 1695:"Santander to rebrand UK banks" 1687: 1655: 1643:Flinders, Karl (13 June 2008). 1636: 1583: 1552: 1533: 1514: 1487: 1461: 1438: 1412: 1394: 1376: 1350: 1332: 1314: 1289: 1263: 1243: 1225: 1222:Investment Advisor. 6 June 2005 1213: 1182: 1128: 1079: 1060: 1051: 731:Coat of arms of Abbey National 353:Abbey National Building Society 204:Abbey National Building Society 30:For the rebranded company, see 2477:Building Societies Association 1540:Hilary Osborne (7 June 2006). 1296:Staff writer (20 March 2000). 1276:Building Societies Association 1189:James Harris (10 March 2010). 1008: 985: 976: 958: 920: 449: 13: 1: 2765:Louth, Mablethorpe and Sutton 2482:Banking in the United Kingdom 2355:Cambridge & Counties Bank 1899:Banking in the United Kingdom 1668:Railway Gazette International 1445:Ritson, Mark (9 March 2005). 1270:Simon Rex (11 January 2010). 843: 823:The Building Society Movement 674: 658:Antin Infrastructure Partners 532:privatisation of British Rail 345: 3006:Banks disestablished in 2010 992:Brewer's Britain and Ireland 952:UK public library membership 839:, 2006, Blackwell Publishing 518:In April 2000, Abbey bought 7: 1850:20th Century Press Archives 1559:Gill Montia (2 July 2007). 1017:"Abbey and Sherlock Holmes" 772:Aedificium Nostrum Benestat 639:Financial Ombudsman Service 403:Financial Services Act 1986 399:Building Societies Act 1986 316:Building Societies Act 1874 290:Building Societies Act 1874 10: 3037: 788:The Thrifty Three Millions 780: 722:was closed in April 2009. 247: 89:Renamed under parent brand 29: 3001:Banks established in 1944 2938: 2785:National & Provincial 2600:Cheltenham and Gloucester 2500:Aberavon Mutual Permanent 2490: 2472: 2422:UK Government Investments 2399: 2329:Arbuthnot Latham & Co 2319: 2152: 2114: 2101:UK Government Investments 2088: 2058: 2004: 1969: 1932: 1905: 1896: 996:Weidenfeld & Nicolson 502:Scottish Mutual Assurance 184: 162: 150: 140: 132: 112: 104: 93: 85: 77: 69: 61: 53: 44: 2800:Norwich and Peterborough 1306:. London. Archived from 1191:"IFG acquires James Hay" 650:Alliance & Leicester 513:Burnley Building Society 369:Expansion and Innovation 338:, the fictional home of 2625:City & Metropolitan 2040:Holt's Military Banking 1808:. Heraldry of the World 1704:. London. 27 May 2009. 1523:"Bad loans up at Abbey" 1085:Credit Lyonnais Laing, 1072:9 November 2013 at the 725: 2645:Co-operative Permanent 2510:Alliance and Leicester 2175:Allied Irish Bank (GB) 2028:Royal Bank of Scotland 944:10.1093/ref:odnb/30697 748:Granted 18 March 1944. 684: 612: 600: 597:Bradford & Bingley 556: 546:Competition Commission 480:, offshore bonds, and 472:can keep the clients' 432:public limited company 419: 360:Post-war Consolidation 234:Bradford & Bingley 2467:of the United Kingdom 2197:The Co-operative Bank 682: 607:A branch of Abbey on 606: 594: 554: 436:London Stock Exchange 417: 388:The Co-operative Bank 136:Banking and Insurance 2870:Stroud & Swindon 2555:Bradford and Bingley 2545:Birmingham Midshires 2360:Close Brothers Group 1986:Birmingham Midshires 1972:Lloyds Banking Group 1449:. Marketing Magazine 1310:on 13 February 2009. 793:Sir Harold Bellman, 786:Sir Harold Bellman, 706:Those jobs moved to 587:Takeover and rebrand 565:11 September attacks 530:created from by the 294:City of Glasgow Bank 125:AntĂłnio Horta OsĂłrio 2805:Nottingham Imperial 2420:Partially owned by 2385:Rothschild & Co 2106:UK Asset Resolution 1786:on 11 November 2010 1732:www.santander.co.uk 1624:. 16 September 2008 1598:on 14 February 2009 1571:on 8 September 2008 1340:"GUS cuts 600 jobs" 1259:. 4 September 2000. 1166:. The Independent. 1112:. The Independent. 732: 380:Stockbridge Village 171:Abbey International 142:Number of employees 41: 2730:Ilkeston Permanent 2650:Coventry Provident 2640:Clay Cross Benefit 2560:Bradford Equitable 2465:building societies 2269:Standard Chartered 2089:Wholly state-owned 1778:Santander UK plc. 1474:The New York Times 1408:. 4 February 2003. 1390:. 18 October 2002. 1256:The New York Times 899:George Elkington, 800:George Elkington, 797:, 1949, Hutchinson 795:Bricks and Mortals 730: 685: 648:. The purchase of 613: 601: 557: 538:for ÂŁ170 million. 424:building societies 420: 65:Financial Services 40:Abbey National plc 39: 2968: 2967: 2540:Bingley Permanent 2430: 2429: 2378:Kleinwort Hambros 2349:C. Hoare & Co 2320:Other commercial 2254:Secure Trust Bank 1955:HSBC Private Bank 1565:The Banking Times 1164:Independent.co.uk 1110:Independent.co.uk 1023:on 21 August 2015 950:(Subscription or 903:, 1935, Cambridge 828:Seymour J Price, 809:A Key to the Door 804:, 1935, Cambridge 778: 777: 689:Thames Television 609:Commercial Street 336:221B Baker Street 320:37 & 38 Vict. 200: 199: 16:(Redirected from 3028: 2957: 2946: 2945: 2895:Town and Country 2790:North of England 2715:Heart of England 2565:Bristol and West 2457: 2450: 2443: 2434: 2433: 2342:Butterfield Bank 2335:Bank and Clients 2289:Unity Trust Bank 2259:Sainsbury's Bank 2116:Challenger banks 2050:Isle of Man Bank 2034:Messrs. Drummond 2022:Coutts & Co. 1981:Bank of Scotland 1883: 1876: 1869: 1860: 1859: 1840: 1835: 1834: 1833: 1818: 1817: 1815: 1813: 1802: 1796: 1795: 1793: 1791: 1782:. Archived from 1775: 1769: 1768: 1766: 1764: 1749: 1743: 1742: 1740: 1738: 1724: 1718: 1717: 1715: 1713: 1699:Hilary Osborne, 1691: 1685: 1684: 1682: 1680: 1659: 1653: 1652: 1640: 1634: 1633: 1631: 1629: 1614: 1608: 1607: 1605: 1603: 1594:. Archived from 1587: 1581: 1580: 1578: 1576: 1567:. Archived from 1556: 1550: 1549: 1537: 1531: 1530: 1518: 1512: 1511: 1499: 1491: 1485: 1484: 1482: 1480: 1465: 1459: 1458: 1456: 1454: 1442: 1436: 1435: 1433: 1431: 1426:. 2 October 2003 1416: 1410: 1409: 1398: 1392: 1391: 1380: 1374: 1373: 1371: 1369: 1354: 1348: 1347: 1346:. 1 August 2000. 1336: 1330: 1329: 1318: 1312: 1311: 1293: 1287: 1286: 1284: 1282: 1267: 1261: 1260: 1247: 1241: 1240: 1229: 1223: 1217: 1211: 1210: 1208: 1206: 1201:on 13 March 2010 1197:. Archived from 1186: 1180: 1179: 1177: 1175: 1161: 1153: 1147: 1146: 1132: 1126: 1125: 1123: 1121: 1107: 1099: 1090: 1083: 1077: 1064: 1058: 1055: 1049: 1046: 1033: 1032: 1030: 1028: 1019:. Archived from 1012: 1006: 989: 983: 980: 974: 973: 962: 956: 955: 947: 931: 924: 918: 915: 904: 897: 880: 879: 877: 875: 856: 740: 733: 729: 577:General Electric 524:Stagecoach Group 225:, in June 2000. 196: 193: 191: 49: 42: 38: 21: 3036: 3035: 3031: 3030: 3029: 3027: 3026: 3025: 2996:Banco Santander 2971: 2970: 2969: 2964: 2934: 2925:West of England 2760:Leeds Permanent 2725:Herts and Essex 2670:Essex Equitable 2580:Bury St Edmunds 2486: 2468: 2461: 2431: 2426: 2395: 2321: 2315: 2299:Clydesdale Bank 2187:Bank of Ireland 2148: 2110: 2084: 2060:Santander Group 2054: 2000: 1965: 1928: 1923:Barclays Wealth 1901: 1892: 1887: 1836: 1831: 1829: 1826: 1821: 1811: 1809: 1804: 1803: 1799: 1789: 1787: 1776: 1772: 1762: 1760: 1750: 1746: 1736: 1734: 1726: 1725: 1721: 1711: 1709: 1693: 1692: 1688: 1678: 1676: 1675:on 17 July 2012 1661: 1660: 1656: 1649:Computer Weekly 1641: 1637: 1627: 1625: 1616: 1615: 1611: 1601: 1599: 1588: 1584: 1574: 1572: 1557: 1553: 1538: 1534: 1519: 1515: 1503:The Independent 1492: 1488: 1478: 1476: 1466: 1462: 1452: 1450: 1443: 1439: 1429: 1427: 1424:Money Marketing 1418: 1417: 1413: 1400: 1399: 1395: 1382: 1381: 1377: 1367: 1365: 1356: 1355: 1351: 1338: 1337: 1333: 1328:. 12 June 2000. 1320: 1319: 1315: 1303:The Independent 1294: 1290: 1280: 1278: 1268: 1264: 1249: 1248: 1244: 1231: 1230: 1226: 1218: 1214: 1204: 1202: 1187: 1183: 1173: 1171: 1154: 1150: 1133: 1129: 1119: 1117: 1100: 1093: 1084: 1080: 1074:Wayback Machine 1065: 1061: 1056: 1052: 1047: 1036: 1026: 1024: 1013: 1009: 990: 986: 981: 977: 964: 963: 959: 949: 926: 925: 921: 916: 907: 898: 883: 873: 871: 866:. 27 May 2009. 858: 857: 850: 846: 835:Fred Wellings, 814:Margaret Reid, 807:Berry Ritchie, 783: 728: 677: 589: 452: 430:, and became a 412: 410:Demutualisation 371: 362: 348: 340:Sherlock Holmes 311: 267:Joshua Walmsley 255: 250: 230:Santander Group 188: 177: 173: 169: 157:Santander Group 143: 128:Chief Executive 127: 123: 121: 115: 35: 28: 23: 22: 15: 12: 11: 5: 3034: 3024: 3023: 3018: 3013: 3008: 3003: 2998: 2993: 2988: 2983: 2966: 2965: 2963: 2962: 2951: 2939: 2936: 2935: 2933: 2932: 2927: 2922: 2917: 2912: 2907: 2902: 2897: 2892: 2887: 2882: 2877: 2872: 2867: 2862: 2857: 2852: 2847: 2842: 2837: 2832: 2827: 2822: 2817: 2812: 2807: 2802: 2797: 2792: 2787: 2782: 2777: 2772: 2767: 2762: 2757: 2755:Leamington Spa 2752: 2747: 2742: 2737: 2732: 2727: 2722: 2717: 2712: 2710:Haywards Heath 2707: 2702: 2697: 2692: 2687: 2682: 2677: 2672: 2667: 2662: 2657: 2652: 2647: 2642: 2637: 2635:City of London 2632: 2627: 2622: 2617: 2612: 2607: 2602: 2597: 2592: 2587: 2582: 2577: 2572: 2567: 2562: 2557: 2552: 2547: 2542: 2537: 2532: 2527: 2522: 2517: 2512: 2507: 2502: 2497: 2495:Abbey National 2491: 2488: 2487: 2485: 2484: 2479: 2473: 2470: 2469: 2460: 2459: 2452: 2445: 2437: 2428: 2427: 2425: 2424: 2418: 2404:Big Four banks 2400: 2397: 2396: 2394: 2393: 2388: 2381: 2374: 2369: 2362: 2357: 2352: 2345: 2338: 2331: 2325: 2323: 2317: 2316: 2314: 2313: 2308: 2307: 2306: 2304:Yorkshire Bank 2301: 2291: 2286: 2281: 2276: 2271: 2266: 2264:Shawbrook Bank 2261: 2256: 2251: 2246: 2241: 2236: 2231: 2226: 2221: 2216: 2211: 2206: 2205: 2204: 2194: 2189: 2184: 2183: 2182: 2177: 2170:AIB Group (UK) 2167: 2162: 2156: 2154: 2150: 2149: 2147: 2146: 2141: 2136: 2131: 2126: 2120: 2118: 2112: 2111: 2109: 2108: 2103: 2098: 2092: 2090: 2086: 2085: 2083: 2082: 2077: 2070: 2064: 2062: 2056: 2055: 2053: 2052: 2047: 2042: 2037: 2030: 2025: 2018: 2012: 2010: 2002: 2001: 1999: 1998: 1993: 1988: 1983: 1977: 1975: 1967: 1966: 1964: 1963: 1958: 1951: 1946: 1940: 1938: 1930: 1929: 1927: 1926: 1919: 1913: 1911: 1903: 1902: 1897: 1894: 1893: 1886: 1885: 1878: 1871: 1863: 1857: 1856: 1842: 1841: 1825: 1824:External links 1822: 1820: 1819: 1797: 1770: 1744: 1719: 1686: 1654: 1635: 1609: 1582: 1551: 1532: 1513: 1486: 1460: 1437: 1411: 1393: 1375: 1364:. 10 July 2001 1349: 1331: 1313: 1288: 1262: 1242: 1239:. 5 July 1995. 1237:New York Times 1224: 1212: 1181: 1148: 1127: 1091: 1078: 1059: 1050: 1034: 1007: 984: 975: 957: 919: 905: 881: 847: 845: 842: 841: 840: 833: 832:, 1958. London 826: 825:, 1965, London 819: 812: 811:, 1990, London 805: 798: 791: 790:, 1935, London 782: 779: 776: 775: 774: 773: 770: 767: 764: 761: 758: 755: 752: 749: 746: 741: 727: 724: 676: 673: 628:Resolution plc 588: 585: 457:Provident Life 451: 448: 411: 408: 370: 367: 361: 358: 347: 344: 310: 307: 275:Richard Cobden 273:and above all 254: 251: 249: 246: 242:FTSE 100 Index 198: 197: 186: 182: 181: 166: 160: 159: 154: 148: 147: 144: 141: 138: 137: 134: 130: 129: 116: 113: 110: 109: 108:United Kingdom 106: 102: 101: 95: 91: 90: 87: 83: 82: 79: 75: 74: 71: 67: 66: 63: 59: 58: 55: 51: 50: 26: 9: 6: 4: 3: 2: 3033: 3022: 3019: 3017: 3014: 3012: 3009: 3007: 3004: 3002: 2999: 2997: 2994: 2992: 2989: 2987: 2984: 2982: 2979: 2978: 2976: 2961: 2956: 2952: 2950: 2941: 2940: 2937: 2931: 2928: 2926: 2923: 2921: 2918: 2916: 2913: 2911: 2908: 2906: 2903: 2901: 2898: 2896: 2893: 2891: 2888: 2886: 2885:Sussex County 2883: 2881: 2878: 2876: 2873: 2871: 2868: 2866: 2863: 2861: 2860:Staffordshire 2858: 2856: 2853: 2851: 2848: 2846: 2843: 2841: 2838: 2836: 2833: 2831: 2828: 2826: 2823: 2821: 2818: 2816: 2813: 2811: 2808: 2806: 2803: 2801: 2798: 2796: 2795:Northern Rock 2793: 2791: 2788: 2786: 2783: 2781: 2778: 2776: 2773: 2771: 2768: 2766: 2763: 2761: 2758: 2756: 2753: 2751: 2748: 2746: 2743: 2741: 2738: 2736: 2735:Kent Reliance 2733: 2731: 2728: 2726: 2723: 2721: 2718: 2716: 2713: 2711: 2708: 2706: 2703: 2701: 2698: 2696: 2693: 2691: 2688: 2686: 2683: 2681: 2678: 2676: 2675:Frome Selwood 2673: 2671: 2668: 2666: 2663: 2661: 2658: 2656: 2653: 2651: 2648: 2646: 2643: 2641: 2638: 2636: 2633: 2631: 2630:City of Derry 2628: 2626: 2623: 2621: 2618: 2616: 2613: 2611: 2608: 2606: 2603: 2601: 2598: 2596: 2593: 2591: 2588: 2586: 2583: 2581: 2578: 2576: 2573: 2571: 2568: 2566: 2563: 2561: 2558: 2556: 2553: 2551: 2548: 2546: 2543: 2541: 2538: 2536: 2533: 2531: 2530:Bedford Crown 2528: 2526: 2523: 2521: 2518: 2516: 2513: 2511: 2508: 2506: 2505:Aid to Thrift 2503: 2501: 2498: 2496: 2493: 2492: 2489: 2483: 2480: 2478: 2475: 2474: 2471: 2466: 2458: 2453: 2451: 2446: 2444: 2439: 2438: 2435: 2423: 2419: 2417: 2414:are shown in 2413: 2412:private banks 2409: 2405: 2402: 2401: 2398: 2392: 2389: 2387: 2386: 2382: 2380: 2379: 2375: 2373: 2370: 2368: 2367: 2366:Duncan Lawrie 2363: 2361: 2358: 2356: 2353: 2351: 2350: 2346: 2344: 2343: 2339: 2337: 2336: 2332: 2330: 2327: 2326: 2324: 2318: 2312: 2311:Wesleyan Bank 2309: 2305: 2302: 2300: 2297: 2296: 2295: 2292: 2290: 2287: 2285: 2282: 2280: 2277: 2275: 2272: 2270: 2267: 2265: 2262: 2260: 2257: 2255: 2252: 2250: 2249:Reliance Bank 2247: 2245: 2242: 2240: 2237: 2235: 2232: 2230: 2229:Kent Reliance 2227: 2225: 2222: 2220: 2219:Handelsbanken 2217: 2215: 2212: 2210: 2207: 2203: 2200: 2199: 2198: 2195: 2193: 2190: 2188: 2185: 2181: 2178: 2176: 2173: 2172: 2171: 2168: 2166: 2163: 2161: 2160:Al Rayan Bank 2158: 2157: 2155: 2151: 2145: 2142: 2140: 2137: 2135: 2134:Starling Bank 2132: 2130: 2127: 2125: 2122: 2121: 2119: 2117: 2113: 2107: 2104: 2102: 2099: 2097: 2094: 2093: 2091: 2087: 2081: 2078: 2076: 2075: 2071: 2069: 2066: 2065: 2063: 2061: 2057: 2051: 2048: 2046: 2043: 2041: 2038: 2036: 2035: 2031: 2029: 2026: 2024: 2023: 2019: 2017: 2014: 2013: 2011: 2009: 2008: 2007:NatWest Group 2003: 1997: 1994: 1992: 1989: 1987: 1984: 1982: 1979: 1978: 1976: 1974: 1973: 1968: 1962: 1959: 1957: 1956: 1952: 1950: 1947: 1945: 1942: 1941: 1939: 1937: 1936: 1935:HSBC Holdings 1931: 1925: 1924: 1920: 1918: 1917:Barclays Bank 1915: 1914: 1912: 1910: 1909: 1904: 1900: 1895: 1891: 1884: 1879: 1877: 1872: 1870: 1865: 1864: 1861: 1855: 1851: 1847: 1844: 1843: 1839: 1828: 1807: 1801: 1785: 1781: 1774: 1759: 1755: 1748: 1733: 1729: 1723: 1707: 1703: 1702: 1696: 1690: 1674: 1670: 1669: 1664: 1658: 1650: 1646: 1639: 1623: 1619: 1613: 1597: 1593: 1586: 1570: 1566: 1562: 1555: 1547: 1543: 1536: 1528: 1527:The Telegraph 1524: 1517: 1509: 1505: 1504: 1498: 1490: 1475: 1471: 1464: 1448: 1441: 1425: 1421: 1415: 1407: 1403: 1397: 1389: 1385: 1379: 1363: 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506:bancassurance 503: 498: 494: 489: 487: 483: 479: 475: 471: 467: 461: 458: 447: 443: 441: 437: 433: 429: 425: 416: 407: 404: 400: 395: 393: 389: 385: 381: 375: 366: 357: 354: 343: 341: 337: 332: 328: 326: 321: 317: 306: 303: 298: 295: 291: 286: 282: 278: 276: 272: 268: 264: 259: 245: 243: 239: 235: 231: 226: 224: 220: 216: 212: 207: 205: 195: 187: 183: 180: 176: 172: 167: 165: 161: 158: 155: 153: 149: 145: 139: 135: 131: 126: 120: 117: 111: 107: 103: 99: 96: 92: 88: 84: 80: 76: 72: 68: 64: 60: 56: 52: 48: 43: 37: 33: 19: 2920:West Cumbria 2855:St Stephen's 2830:Rowley Regis 2680:Gainsborough 2494: 2415: 2407: 2383: 2376: 2364: 2347: 2340: 2333: 2294:Virgin Money 2279:Triodos Bank 2234:Kingdom Bank 2153:Other retail 2080:Santander UK 2072: 2032: 2020: 2005: 1970: 1961:M&S Bank 1953: 1949:HSBC UK Bank 1944:First Direct 1933: 1921: 1906: 1838:Banks portal 1810:. Retrieved 1800: 1788:. Retrieved 1784:the original 1773: 1761:. Retrieved 1747: 1735:. Retrieved 1731: 1722: 1710:. Retrieved 1701:The Guardian 1698: 1689: 1677:. Retrieved 1673:the original 1666: 1657: 1648: 1638: 1626:. Retrieved 1621: 1612: 1600:. Retrieved 1596:the original 1585: 1573:. Retrieved 1569:the original 1564: 1554: 1546:The Guardian 1545: 1535: 1526: 1516: 1501: 1489: 1477:. Retrieved 1473: 1463: 1451:. Retrieved 1440: 1428:. Retrieved 1423: 1414: 1406:The Guardian 1405: 1396: 1387: 1378: 1368:22 September 1366:. Retrieved 1361: 1352: 1343: 1334: 1325: 1316: 1308:the original 1301: 1291: 1279:. Retrieved 1265: 1254: 1245: 1236: 1227: 1215: 1203:. Retrieved 1199:the original 1194: 1184: 1172:. Retrieved 1163: 1151: 1142:The Guardian 1140: 1130: 1118:. Retrieved 1109: 1086: 1081: 1062: 1053: 1025:. Retrieved 1021:the original 1010: 991: 987: 978: 969: 960: 933: 922: 900: 872:. Retrieved 863: 836: 829: 822: 821:E J Cleary, 815: 808: 801: 794: 787: 716: 705: 701: 686: 666: 662: 654: 643: 635: 632: 625: 621: 617: 614: 595:Branches of 570: 558: 540: 517: 510: 493:Barings Bank 490: 462: 453: 444: 440:shareholders 421: 396: 376: 372: 363: 352: 349: 333: 329: 312: 299: 287: 283: 279: 260: 256: 238:Santander UK 227: 208: 203: 201: 164:Subsidiaries 105:Headquarters 98:Santander UK 54:Company type 36: 32:Santander UK 18:Abbey (bank) 2910:Walthamstow 2835:Scarborough 2750:Lancastrian 2660:Dunfermline 2372:J.P. Morgan 2322:and private 2209:Danske Bank 2139:Tandem Bank 2074:Cater Allen 2045:Ulster Bank 1996:Lloyds Bank 1812:1 September 1453:16 February 1430:16 February 1174:27 February 1120:27 February 1015:Santander. 693:Euston Road 691:studios in 669:Cater Allen 581:domain name 520:Porterbrook 497:Nick Leeson 450:Development 428:demutualise 271:Joseph Hume 219:Porterbrook 211:demutualise 179:Cater Allen 2975:Categories 2890:Temperance 2850:St Pancras 2820:Portsmouth 2780:Mornington 2775:Mid Sussex 2770:Mercantile 2665:Eastbourne 2655:Derbyshire 2408:underlined 2391:Weatherbys 2274:Tesco Bank 2239:Metro Bank 2224:Hodge Bank 1737:23 October 1506:. London. 1479:9 November 954:required.) 844:References 763:Supporters 757:Escutcheon 720:Billericay 675:Operations 573:Lloyds TSB 542:Lloyds TSB 346:The Merger 119:Lord Burns 114:Key people 57:Subsidiary 2905:Universal 2900:Tynemouth 2840:Sheffield 2705:Hampshire 2690:Greenwich 2620:Chilterns 2570:Britannia 2214:easyMoney 2165:Aldermore 2124:Atom Bank 1763:3 October 1628:10 August 1548:. London. 1529:. London. 1145:. London. 1027:21 August 708:Bangalore 468:in which 466:a service 215:James Hay 94:Successor 2949:Category 2930:Woolwich 2865:Standard 2845:Shepshed 2740:Ketley's 2695:Guardian 2615:Cheshunt 2610:Cheshire 2585:Catholic 2520:Barnsley 2284:TSB Bank 2180:AIB (NI) 1908:Barclays 1790:20 March 1758:The News 1706:Archived 1679:17 March 1622:BBC News 1602:20 March 1575:20 March 1508:Archived 1388:BBC News 1362:BBC News 1344:BBC News 1326:BBC News 1281:20 March 1205:20 March 1168:Archived 1114:Archived 1089:. London 1070:Archived 998:, 2005, 868:Archived 864:BBC News 384:Knowsley 133:Products 122:Chairman 62:Industry 2825:Regency 2815:Portman 2810:Peckham 2745:Lambeth 2700:Halifax 2685:Gateway 2605:Chesham 2595:Chelsea 2590:Century 2575:Burnley 2535:Bexhill 2525:Bedford 2463:Former 2416:italics 2244:Paragon 2016:NatWest 1991:Halifax 1852:of the 1848:in the 1712:24 June 1195:M&A 781:Sources 536:GUS plc 508:model. 248:History 185:Website 78:Defunct 70:Founded 2960:Portal 2958:  2947:  2915:Wessex 2880:Surrey 2720:Hendon 2550:Bolton 2515:Anglia 2068:Cahoot 1002:  948: 874:23 May 223:Cahoot 192:.abbey 175:Cahoot 152:Parent 146:20,000 2202:Smile 2192:Chase 2129:Monzo 769:Motto 751:Crest 745:Notes 561:Enron 522:from 2410:and 2406:are 2144:Zopa 1814:2024 1792:2010 1765:2010 1739:2020 1714:2009 1681:2013 1630:2009 1604:2010 1577:2010 1481:2020 1455:2015 1432:2015 1370:2013 1283:2010 1207:2010 1176:2020 1122:2020 1029:2015 1000:ISBN 876:2009 726:Arms 712:Pune 710:and 667:The 482:SIPP 478:PEPs 474:ISAs 470:IFAs 401:and 202:The 194:.com 86:Fate 81:2010 73:1944 2875:Sun 1854:ZBW 940:doi 486:FSA 426:to 325:WWI 302:WW1 265:as 263:MPs 190:www 100:Plc 2977:: 1756:. 1730:. 1697:. 1665:. 1647:. 1620:. 1563:. 1544:. 1525:. 1500:. 1472:. 1422:. 1404:. 1386:. 1360:. 1342:. 1324:. 1300:. 1274:. 1253:. 1235:. 1193:. 1162:. 1139:. 1108:. 1094:^ 1037:^ 968:. 932:. 908:^ 884:^ 862:. 851:^ 660:. 476:, 269:, 244:. 2456:e 2449:t 2442:v 1882:e 1875:t 1868:v 1816:. 1794:. 1767:. 1741:. 1716:. 1683:. 1651:. 1632:. 1606:. 1579:. 1483:. 1457:. 1434:. 1372:. 1285:. 1209:. 1178:. 1124:. 1031:. 972:. 946:. 942:: 878:. 318:( 34:. 20:)

Index

Abbey (bank)
Santander UK

Santander UK
Lord Burns
AntĂłnio Horta OsĂłrio
Parent
Santander Group
Subsidiaries
Abbey International
Cahoot
Cater Allen
www.abbey.com
demutualise
James Hay
Porterbrook
Cahoot
Santander Group
Bradford & Bingley
Santander UK
FTSE 100 Index
MPs
Joshua Walmsley
Joseph Hume
Richard Cobden
Building Societies Act 1874
City of Glasgow Bank
WW1
Building Societies Act 1874
37 & 38 Vict.

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