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Saffron Building Society

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Saffron Building Society
Company type Building society (mutual)
Industry Banking and financial services
FoundedJanuary 1849
Headquarters Saffron Walden, England, UK
Number of locations
8
Key people
Nick Treble, [1] Chairman Colin Field, [1] Chief Executive Officer
Products Savings, mortgages, investments,
loans, insurance
£3.1 million GBP (December 2007), Green Arrow Up.svg 84.6% on 2006
Total assets £784 million GBP (December 2007), Green Arrow Up.svg 10.4% on 2006
Number of employees
181
Website www.saffronbs.co.uk

The Saffron Building Society is a regional building society which has branches and agencies in the East of England, spanning Essex, Hertfordshire and Suffolk. It is a member of the Building Societies Association.

Contents

History

Saffron Building Society was established in Saffron Walden, Essex, in 1849. [2] It began life as the Saffron Walden Second Building Society and was founded by the Revd John Marten, who became the first Secretary. [3]

The society acquired the Saffron Walden and Essex Mechanics Permanent Building Society in 1968. [4] It then bought Royston & District Building Society and became the Saffron Walden & District Building Society in 1972. [4] It merged with the London and Essex Building Society (previously North Bow & Manor Park) and became the Saffron Walden & Essex Building Society in 1979. [4] After that, it merged with the Herts & Essex Building Society based in Bishop's Stortford and became the Saffron Walden, Herts & Essex Building Society in 1989. [4] Finally, it changed its name to Saffron Building Society in 2006. [5]

In 2019, it closed branches in Sawbridgeworth, Great Dunmow and Frinton, reducing its network to eight branches in Bishop's Stortford, Brentwood, Colchester, Halstead, Haverhill, Royston, Saffron Walden and Ware. [6] [7]

References

  1. 1 2 "Saffron Building Society | Corporate information". Archived from the original on 31 October 2014. Retrieved 31 October 2014.
  2. ↑ "When was my building society founded?". Building Societies Association. Retrieved 7 October 2025.
  3. ↑ "Mortgage Intelligence adds Saffron for Intermediaries to their lender panel". Mortgage Intelligence. 19 May 2017. Retrieved 7 October 2025.
  4. 1 2 3 4 Building Societies Association. "Mergers & Name Changes, BSA Year book 2018/9" (PDF).
  5. ↑ "Saffron Building Society | History of Saffron". www.saffronbs.co.uk. Archived from the original on 2 July 2012.
  6. ↑ "Branch Closure | Saffron Building Society". www.saffronbs.co.uk. Retrieved 27 July 2019.
  7. ↑ Heslop, Katherine (18 April 2019). "Saffron Building Society to close its Dunmow branch". Dunmow Broadcast. Retrieved 27 July 2019.


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