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Building society here to stay say top chiefs

By Burton Mail  |  Posted: July 08, 2014

Derbyshire Building society

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BUILDING society chiefs have dismissed rumours that a Burton branch is set to close – instead insisting jobs were safe ahead of rebrand later this year.

Rumours have been circulating that the Derbyshire Building Society, in Station Street, would close next year as part of a company revamp.

However, bosses have been quick to state that was never the case, and plans are now gathering pace towards the site being rebranded as a Nationwide Building Society later this year.

That would mean there would be two Nationwide sites in Burton – one in Station Street and one in High Street.

Tony Prestedge, chief operating officer at Nationwide, said: “We have made considerable improvements to our range of products and services and are now in a position to ensure our members under the Derbyshire brand can have full access to the benefits our other members already enjoy.

“It is a logical step to integrate our businesses under one unified, strong and nationally recognisable brand.

“As well as benefiting from access to our full suite of products and market-leading customer service, more people will have access to our strong branch network than at present.”

The rebranding will take place over one weekend, expected to be in winter 2014.

From the following Monday morning members will be able to access their accounts from any Nationwide branded branch, and Nationwide’s online bank if they have already registered.

The firm also revealed that plans were still under way to rebrand its Swadlincote High Street branch as Nationwide.

The overhaul will also see the Nationwide branch in Ashby integrate with nearby ones.

Nationwide first announced plans to integrate the Derbyshire brand within its business in May last year.

In a statement, Nationwide said: “Nationwide aims to retain as many employees as possible, with redeployment to other branches in the network or across the wider business.

“Where redeployment is not possible employees will receive training, support and advice on future opportunities.”

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