Nationwide Building Society Acquisition Information

• On 30 March it was announced that Nationwide Building Society has acquired all of Dunfermline Building Society’s savings accounts, branches, head office and the majority of its residential mortgage book (other than social housing loans and related deposits).

• Dunfermline Building Society’s social housing portfolio will be transferred temporarily to DBS, a ‘bridge bank’ owned and controlled by the Bank of England.

• The remainder of the business, including acquired mortgages and the commercial loan business has been placed into a Building Society Special Administration Process.

• Savers can be assured that their money is safe. Nationwide Building Society is the UK’s largest building society with assets in excess of £200 billion.

• It’s business as usual for all of Dunfermline Building Society’s customers. Branches, telephone services, websites and ATMs will all be open and operating as normal. If you have a mortgage or loan from Dunfermline Building Society, you should continue to make payments as usual.

If you want to know more please go to one of the following websites
– www.moneymadeclear.fsa.gov.uk
– www.hm-treasury.gov.uk
– www.bankofengland.co.uk
– www.fscs.org.uk
– www.kpmg.co.uk/advisory/r/orion/
– www.nationwide.co.uk