Barnsley Building Society was established in 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.

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Quick Facts Company type, Industry ...

Yorkshire Building Society trading
as Barnsley Building Society

Company type	Building Society (Mutual)
Industry	Banking Financial services
Founded	1853
Defunct	July 2016
Fate	Closed and rebranded under Yorkshire Building Society
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

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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; closing six branches and rebranding the remainder under its own brand.

The Barnsley Permanent Benefit Building Society was formed in January 1853 by "a few prominent townsmen". For the first three years it operated from a room in public buildings before moving to an office provided by James Taylor, a local druggist and Manager of the Society from 1854 to 1875. After ten years, in 1866, the Society moved to an office above a grocer's shop but it was not until 1890 that the Barnsley Permanent moved into its own 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.^[1] 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 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.^[1]

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.

During the late 1970s, increased competition from other expanding societies such as the Halifax and the Bradford and Bingley meant that 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.

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, but 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.