sentences:  It was formed in 1975 by the merger of the Ipswich & District Building Society and the Ipswich & Suffolk Building Society.The Ipswich & Suffolk Building Society originated in the Ipswich and Suffolk Freehold Land Society, founded in December 1849.The FLS bought up land they divided up into plots that were big enough to qualify for the 40 shilling franchise that gave people the right to vote.