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"Derby used to have a real strength in the financial services sector, thanks to the presence of brands like the Derbyshire and Egg, but following the recent closures of both their head offices, that is no longer the case.

As soon as the merger deal was signed, Nationwide decided to keep the Derbyshire's identity but began a review of the society's operations.

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Mr Cowcher said he feared that the Derbyshire brand could disappear completely within the next three to five years.

The move follows Nationwide's announcement, earlier this month, that eight branches of the building society in Derbyshire would close on August 31, along with two others in Nottinghamshire.

Derbyshire and Nottinghamshire Chamber of Commerce says it fears the firm's parent company, Nationwide, may try to "quietly wind down the iconic building society".

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´╗┐at the Derbyshire Building Society following the announcement of plans to close 10 branches

It said alternative branches would be no more than two miles away.

The county branches set to shut are in Allestree, Alvaston, Chaddesden, Normanton, Spondon, Duffield, Long Eaton and Somercotes.

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"It is a local brand and still has thousands of savers and borrowers as customers, many of whom rely on their local branch."

"We want to ensure the iconic Derbyshire Building Society brand isn't quietly wound down.

"We would be Nike Sneakers High Ankle

when the Derbyshire's Duffield Hall headquarters were put up for sale. The offices, which were once home to 320 staff, are still on the market.

But in 2008 it faced a million deficit because of its exposure to mortgages and loans at risk of default and approached Nationwide to form an alliance.

It would leave the Derbyshire, which vacated its Duffield Hall headquarters last year, with 27 branches.

The first results of that review came Nike Shoes White Gold

"It means that hundreds of highly skilled employees have lost their jobs and been forced to either find work out of the city or transfer their skills into other sectors."

pleased to meet with you to discuss how the chamber, as a respected platform for business, could, in partnership, re establish the special relationship the Derbyshire Building Society has with Derbyshire businesses and people.

said.

However back on topic, Nike Sneaker 2018 For Men I would like to see a lot more shareholder rebellions over decisions of the kind that Nationwide are making, but realistically I accept that this will take a lot of campaigning and a strong commitment from voting members of the society.

And she accused the company of going back on a promise not to close any more branches.

"The chamber is concerned to see further rationalisation of one of our key businesses locally," he Nike Sneakers Men 2018

Nationwide took over the Derbyshire in 2008 and said it had identified which premises it wanted to shut after monitoring customer levels and profitability.

"That relationship has been to the benefit of the chamber in the past and it still remains a loyal customer of the Derbyshire."

He has now written to Nationwide's chief executive Graham Beale offering to work with the firm to strengthen the Derbyshire's relationship with local businesses and investors.

The Derbyshire, which was formed in 1859, was once the 10th largest building society in the UK, with 450,000 members and 750 staff.

But Mr Cowcher said: "It's really sad to see the demise of what was once the region's biggest building society, following its takeover.

Nationwide said it would reply to Mr Cowcher's letter.

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As previously reported by the Derby Telegraph, Mid Derbyshire MP Pauline Latham met with Nationwide following the announcement of branch closures.

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But the chamber's chief executive George Cowcher said the Derbyshire was still an important local brand with hundreds of employees and thousands of customers.

He said: "The question now is whether or not Nationwide will maintain its existing branches or quietly wind the business down and we certainly wouldn't want to see the Derbyshire disappear from the high street altogether."

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A spokeswoman said: "We are in the process of responding to Mr Cowcher's letter and will communicate directly with the Derbyshire and Nottinghamshire Chamber of Commerce."

In his letter Mr Cowcher said he wanted to help Nationwide re establish the Derbyshire brand.

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