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Newcastle Building Society
Newcastle Building Society is planning to create 100 jobs and open new branches, as part of a £10m investment plan.
Newcastle Building Society has sold its Pre Paid Cards operation to the Wirecard Card Solutions subsidiary of Wirecard of Germany for £7.5m, with the transfer of 24 staff.
Newcastle Building Society is planning a significant expansion of the 200-strong workforce in its Solutions division early next year.
Newcastle Building Society is planning to expand its 1,300-strong workforce with 500 new jobs by 2012, with 200 being recruited by the end of this year.
Newcastle Building Society is to set up a 50,000 sq ft office at the Cobalt Park development on Tyneside next year, and expects to create 500 jobs in the region over the next five years.
Newcastle Building Society is to acquire Universal, its smaller local rival with 130 staff, and four Universal branches are expected to close.
Newcastle Building Society is considering plans to relocate its headquarters and 855 staff to a larger site outside the city, and will consider business parks in North Tyneside.
Newcastle Building Society is to create 70 new jobs in its branch network and 50 at its new in-house financial services operation, and has also announced an 18-month refurbishment programme for its 50 branches.
Newcastle Building Society is to create 40 jobs for financial consultants, having decided to establish its own in-house financial services arm to provide investment advice to customers.
Newcastle Building Society is planning to merge with Nottingham Imperial, one of the smaller building societies with 12,000 customers.