Stroud & Swindon Building Society

Founded in 1850 as the Stroud & District Permanent Economic Benefit Building Society, the company grew over 160 years through various mergers, most notably with the Swindon Permanent Building Society in 1986, which formed the Stroud & Swindon Building Society. As a mutual organisation, it was owned by its members (savers and borrowers) and its core mission was to provide mortgages and savings accounts to its community, primarily in the South West of England. Following the 2008 financial crisis, the society faced financial pressures and agreed to a merger with the larger and more stable Coventry Building Society. The merger was completed on September 1, 2010, at which point all members, branches, and operations were transferred to Coventry Building Society, and the Stroud & Swindon brand ceased to exist.