Saffron Building Society Saffron Building Society The Saffron Building Society is a regional building society which has branches and agencies in the East of England. These span: Cambridgeshire, Essex, Hertfordshire, Suffolk and London. It is a member of the Building Societies Association. Saffron Building Society was established in 1849. It is a UK building society based in Saffron Walden, Essex. It began life as the Saffron Walden Second Building Society and was founded by the Revd John Marten, who became the first Secretary. The first Chairman of the Saffron Building Society was a local builder called Joseph Durrant. Originally established as a 'terminating
Saffron Walden market place. This was demolished in 1847 to make way for a corn exchange. In the 16th–17th centuries the saffron crocus ("Crocus sativus") was widely grown, thanks to the town's favourable soil and climate. The flower was valuable, as the extract from the stigmas was used in medicines, as a condiment, in perfume, as an aphrodisiac, and as an expensive yellow dye. The industry gave Walden its name. The town and surrounding area, like much of East Anglia, was strongly Puritan during the 17th century. The population was influenced by the missionary John Eliot. By 1640, Samuel Bass's family and