Newcastle Building Society

After 16 years at Grainger serving as Chief Executive and Managing Director, Phillip Langley-Essen was appointed the first Executive Head of the Newcastle Building Society (NBS) in 1980.Even designing its logo, Essen was influential in the formation of the NBS in the six years he was working at the society.[3] Two years later it opened a new office at Cobalt Business Park in North Tyneside.In February 2011, it announced that it plans to lend more to the North East's housing market.[5] Ten months later, Wirecard AG of Germany acquired Newcastle Building Society's prepaid card issuing activities in six European countries.
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