Coventry Building Society

Mortgages

Currently the UK's third largest building society, Coventry Building Society serves its 1.5 million members through four core businesses: savings, mortgages, current accounts and insurance.

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Currently the UK's third largest building society, Coventry Building Society serves its 1.5 million members through four core businesses: savings, mortgages, current accounts and insurance.

For the year ended 31 December 2014, Coventry Building Society had assets totalling more than £31.2bn. For the same year, profit before tax was £201.8m.

The company was founded in 1884 when Thomas Mason Daffern and a small group of local citizens started the Coventry Permanent Economic Building Society. Following several mergers in the 1970s and 1980s, including one with Coventry Provident Building Society in 1983, the business became known as Coventry Building Society.

Following its merger with Stroud & Swindon Building Society in 2010, Coventry Building Society now employs over 1,800 staff throughout the West Midlands, South West England and Wales.

Mark Parsons, the former chief financial officer for retail and business banking at Barclays Bank, took up the role as chief executive for Coventry Building Society in July 2014, replacing Colin Franklin who took over as interim CEO following the resignation of David Stewart.