“The safe place with the nice face – your money safe with The Woolwich”
In this edition of Payments:Unpacked Payments Past we feature a once very common name on the ‘banking’ high street – The Woolwich.
The Woolwich Equitable Building Society (later Woolwich Building Society or The Woolwich) was founded in Woolwich in 1847 and remained a local institution until the early 1900’s when it began a modest regional expansion. This accelerated during the second half of the 1900’s and the period from 1960 was notable for its acquisitions. Following deregulation, the Society diversified and became one of the largest national building societies.
In 1997 it demutualised and became Woolwich PLC. The company was listed on the London Stock Exchange. It was once a constituent of the FTSE 100 Index but was acquired by Barclays in 2000.