Dunfermline Building Society.
The Dunfermline Building Society was founded back in
1869 and over the years took over another 20 firms including Stenhousemuir,
Peebles, Fourth Fifeshire Investment Company, the Stirlingshire, and the
Edinburgh and Paisley Building Society. Due to the society running into
financial difficulties it was announced on 30th March 2009 that Nationwide
Building Society had taken over the retail and wholesale deposits, branches,
head office and most of the residential mortgage book resulting in the
Dunfermline becoming part of the Nationwide (more details below).
Dunfermline Building Society Review.
Head Office - Dunfermline Building Society, Caledonia
House, Carnegie Avenue, Dunfermline, Fife, KY11 8PJ.
Branches can be found in - Aberdeen, Ayr, Castle
Douglas, Coatbridge, Cowdenbeath, Cupar, Dalgety Bay, Dundee, Dunfermline East
Port, Dunfermline Pitreavie, Edinburgh, Livingston, East Kilbride, Falkirk,
Glasgow Anniesland Cross, Glasgow Hope Street, Glasgow Shawlands, Glenrothes,
Hamilton, Inverness, Johnstone, Kirkcaldy, Kirkwall, Largs, Leven, Montrose,
Paisley, Peebles, Perth, Rosyth, St Andrews, Stenhousemuir, Stirling and
Tranent.
Savings Accounts available include Cash ISA’s, Fixed
Rate Cash ISA’s, Childrens Savings Accounts, Instant Access Savings Accounts
including a Regular Savings Account, Fixed Rate Bonds & Notice Savings
Accounts, Telephone Savings Accounts and Offshore Savings Accounts.
Mortgages Available include Fixed Rate, Tracker
Mortgages, Further Advances, Switcher Mortgages and Standard Variable Rate
Mortgages.
Insurance products available include home insurance and travel insurance.
Financial Results see Nationwide Building Society.
Website dunfermline.com
Takeover by Nationwide – In March 2009 the HM Treasury
concluded that Dunfermline would be unable to satisfy depositors’ claims
against it and with this in mind on the 30.03.2009 The Bank of England announced
that core parts of Dunfermline Building Society have been transferred to Nationwide Building Society. Dunfermline’s retail and wholesale deposits, branches, head office and
originated residential mortgages (other than social housing loans and related deposits)
have all been transferred to Nationwide. The social housing loans of
Dunfermline’s customers (and related deposits) have been transferred
temporarily to DBS Bridge Bank Ltd, a ‘bridge bank’ owned and controlled by the
Bank of England. This allows the Bank of
England to support Dunfermline’s social housing portfolio, consistent with the
objectives of the Special Resolution Regime, and provides time to secure a
permanent solution. |
