Bristol & West
Former UK mutual building society. / From Wikipedia, the free encyclopedia
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Bristol & West (B&W) was a former mutual building society in the United Kingdom (UK), one of the first to be demutualised to become a publicly traded bank in 1997.[2][3] Bristol & West had its headquarters in Bristol, England, UK. B&W became a division of the UK arm of the Bank of Ireland in 1997.
Bristol & West | |
Formerly | Bristol, West of England and South Wales Permanent Building Society |
Company type | originally: mutual building society until July 1997,[2] then: public limited bank,[3] now: banking division of Bank of Ireland |
LSE: BWSA[1] | |
ISIN | GB0000510205[1] |
Industry | Finance and investments |
Founded | 1850; 174 years ago (1850) in Bristol, England |
Defunct | 2009; 15 years ago (2009) |
Fate | Sold and divested (1997-2005), liquidated (2023)[4] |
Headquarters | One Temple Back East, Temple Quay, Bristol, England, BS1 6DX, United Kingdom |
Area served | United Kingdom |
Key people | John Burke (CEO) David McGowan (director) |
Products | Mortgages, savings |
Services | Financial services |
Total assets | £129.7m (2010)[5] |
Total equity | £82.2m (2010)[5] |
Owner | Bank of Ireland |
Parent | Bank of Ireland UK Holdings plc[5] |
Website | BankofIrelandUK.com/bristol-west-plc |
B&W's main activity was mortgage lending for residential and commercial customers, although in 2009, its business was transferred to Bank of Ireland and it became a shell company, and stopped accepting new customers.[5]
The Bristol & West brand name has since been replaced by the Bank of Ireland brand. However, as of 2021[update], Bristol & West plc shares were still publicly traded on the London Stock Exchange (LSE) under the BWSA ticker, and globally identified under its International Securities Identification Number (ISIN) GB0000510205, until [1] June 2023, when the Bank of Ireland decided to redeem the outstanding Bristol & West preference shares and liquidate Bristol & West plc.[4]