Are you looking for information about the construction companies that formed Birmingham Midshires? Birmingham Midshires is an online trading name of Bank of Scotland plc, which is part of Lloyds Banking Group. It is one of the UK's leading providers of special mortgages for customers who buy to rent and build on their own through mortgage advisors. Recently, Nigel Stockton, the managing director of Birmingham Midshires, announced that 47 of its 113 branches in Birmingham Midshires will close. Around 80,000 of Birmingham Midshires' 700,000 customers had been regular users of their branches, but they had not been allowed to use the 1,100 member network in Halifax and Bank of Scotland. The company has stated that its goal is to avoid layoffs by offering alternative employment to about 220 employees.
The name of Birmingham Midshires, the former construction company that has its roots in the early 19th century, will disappear from main street under this plan. The origins of Birmingham Midshires can be traced back to 1842 when it was formed by bringing together some 50 construction companies, including the Midshires and the construction companies of Birmingham and Bridgwater. These companies were created from other entities such as Liverpool Building Society, Wolverhampton and Mercia, Bristol Equitable Permanent Benefit, Swansea, Albion and Gower and Warrington. In 1999, the Birmingham Midshires Building Society accepted a public offer to acquire the Royal Bank of Scotland. For both savers and mortgage advisors, Birmingham Midshires continues to offer simple products to help British savers and homeowners thrive. When Birmingham Midshires became part of Halifax in April 1999, it had savings balances of 5.9 billion pounds sterling and mortgage assets of 9.2 billion pounds sterling. Hundreds of thousands of people in the UK use Birmingham Midshire savings accounts to get the most out of their money.
With its long history and commitment to providing quality services to its customers, Birmingham Midshires remains a trusted name in the banking industry.