citations for verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . august 2009 learn how and when to remove this template message yorkshire building society trading as barnsley building society type building society mutual industry banking and financial services founded 1853 headquarters barnsley england uk key people edwin baggott regional manager bbs branches products savings mortgages investments loans credit cards insurance net income 157 million gbp december 2012 total assets 33.5 billion gbp december 2012 parent yorkshire building society website www.barnsley bs.co.uk barnsley building society was established on 12 january 1853 by a group of prominent townsfolk who following the example of many other towns and cities at the time decided to form their own building society . the society became part of the yorkshire building society in 2008 and has since continued as a trading division . in 2016 the yorkshire announced it would replace the barnsley building society brand with its own close six branches and rebrand the remainder under its own brand . contents 1 history 1.1 merger with the yorkshire building society 2 references 3 external links history edit originally called the barnsley permanent benefit building society it operated from an office above a grocers shop before moving to purpose built premises at the corner of regent street and royal street in the town centre . during this period many rival terminating societies emerged as were the norm at the time but due to its permanent nature the society began to dominate the local market for saving and mortgages . by the 1890s the society had opened branches at both clayton west and mexborough and saving balances started to grow more quickly . the society started to operate in several other locations around the area including temporary branches in church halls and schools in order to make saving more available for the working classes . the society opened its current head office at permanent building on the corner of regent street and church street barnsley in 1938 . the newly built head office was opened by henry lascelles 6th earl of harewood who at the time was president of the yorkshire county association of building societies . by the 1950s the society s assets were strong and 15 branches existed spreading from blackpool in lancashire to dartford in kent . according to expert historians who during this period the society briefly threatened to become a large national society but was soon dwarfed by other societies who grew through mergers and acquisitions rather than naturally . during the 1970s the society rejected opportunities for possible mergers with the south yorkshire bs and the elsecar hoyland and wentworth saving society who were smaller local societies that were looking for merger partners . however the age of possible expansion passed the society by and several longtime employees who believe that during this period the barnsley was better placed than others to expand and take the barnsley brand nationwide . during the late 1970s increased competition from other expanding societies such as the halifax and the bradford and bingley the barnsley lost ground and by one stage in the 1980s the society had contracted to a single barnsley office and maintained part time agencies at wombwell and mexborough due to increased competition and regulation . barnsley building society wakefield . after an influence of more modern thinking and helped by the 1986 act which lifted many hurdles it faced with competing with retail banks it soon recovered and branches were re opened at wombwell and mexborough . offices at royston and hemsworth soon followed but these were short lived and closed in 1989 . during the early 1990s the society expanded once again and new branches were opened in wakefield rotherham and chesterfield . in 2001 the society s wombwell and mexborough offices were re located to better premises and the wombwell branch was refurbished shortly afterwards in 2006 during which period the society operated from a temporary location in wombwell council offices . during the mid 1990s the society opened a second barnsley office in the town s alhambra centre . also during the late 1980s and throughout the 1990s the society carried out a rapid agency expansion programme and agencies were opened throughout yorkshire lincolnshire and derbyshire as well as more local sites such as wath royston and penistone however due to increased costs and declining retail funding these agencies were closed in early 2006 . in 2004 it was decided to merge the church street and alhambra branches and the society opened a new flagship branch on cheapside a prime location within barnsley town centre . merger with the yorkshire building society edit in october 2008 the society announced that it expected to lose up to 10 million which it had deposited with icelandic banks . in order to mitigate the situation the yorkshire building society agreed to take it over by the end of the year . the merger completed on 31 december 2008 at which point barnsley building society became a trading name of yorkshire building society . the yorkshire has expressed a desire to keep the barnsley brand alive and run its eight branches as a separate trading brand . this news has been welcomed by many former barnsley members and barnsley staff . the merger was however was somewhat controversial as several members of the fsa believed the merger was unnecessary as the barnsley had substantial reserves to cover the losses and battle on however the board of the barnsley believed that in the uncertain times caused by the credit crunch the barnsley s members would be better served by merging with the yorkshire building society . the barnsley despite its expected losses was still a valuable commodity and it was rumoured several other societies were interested due to the barnsley s strong mortgage book and funding streams which were in place without excessive lending from the money markets . 1 at the time of the merger the society had 8 branches located at barnsley cudworth chesterfield doncaster mexborough rotherham wakefield & wombwell as well as its regent street head office . it was the 34th largest in the united kingdom based on total assets of 376 million as at 31 december 2007 . 2 and was a member of the building societies association . in january 2016 it was announced that the barnsley brand will be phased out by july . six branches will be closed with those that remain open being rebranded under the yorkshire brand . 3 references edit barnsley building society rescued . bbc news . 22 october 2008 . retrieved 15 february 2016 . building societies association asset list pdf file yorkshire building society announces branch closures and rebrand . bbc news . 27 january 2016 . retrieved 27 january 2016 . external links edit official website v t e former building societies in the united kingdom abbey national aberavon mutual permanent aid to thrift alliance and leicester anglia barnsley bedford bedford crown bexhill bingley permanent birmingham midshires bolton bradford and bingley bradford equitable bristol and west britannia bury st edmunds burnley catholic century chelsea cheltenham and gloucester chesham cheshire cheshunt chilterns city & metropolitan city of derry city of london clay cross benefit co operative permanent coventry provident derbyshire dunfermline eastbourne essex equitable frome selwood gainsborough gateway greenwich guardian halifax hampshire haywards heath heart of england hendon herts and essex ilkeston permanent kent reliance ketley s lambeth lancastrian leamington spa leeds permanent louth mablethorpe and sutton mercantile mid sussex mornington national & provincial north of england northern rock norwich and peterborough nottingham imperial peckham portman portsmouth regency rowley regis scarborough sheffield shepshed st pancras st stephen s staffordshire standard stroud & swindon sun surrey sussex county town and country tynemouth universal walthamstow wessex west cumbria west of england woolwich v t e independent building societies in the united kingdom bath beverley buckinghamshire cambridge chorley coventry cumberland darlington dudley earl shilton ecology furness hanley economic harpenden hinckley and rugby holmesdale ipswich leeds leek united loughborough manchester mansfield market harborough marsden melton monmouthshire national counties nationwide newbury newcastle nottingham penrith principality progressive saffron scottish skipton stafford railway swansea teachers tipton & coseley vernon west bromwich yorkshire v t e great recession by region africa americas united states south america asia europe oceania united states specific automotive industry crisis california budget crisis housing bubble housing market correction subprime mortgage crisis banking losses and fraud anglo irish bank 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united states ; c. 2009 may day protests europe middle east and north africa asia ; 2009 occupy movement worldwide related topics 2000s energy crisis central asia 2008 effects on museums decline of newspapers world food price crisis european debt crisis financial crisis of 2007 08 list of countries by public debt retrieved from https en.wikipedia.org w index.php title barnsley building society & oldid 705169511 categories former building societies of the united kingdomcompanies based in barnsleyorganizations established in 18531853 establishments in englandhidden categories articles needing additional references from august 2009all articles needing additional referencesall articles with specifically marked weasel worded phrasesarticles with specifically marked weasel worded phrases from august 2009 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main 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