[6] One of the Directors, Samuel Whitaker, decided to invite a group of business friends to a meeting on 12 August 1859 to discuss the preliminary arrangements for the formation of a permanent society.

Gervase Wright and the Secretary Samuel Whitaker, with additional regular subscription meetings being held in Ripley and Matlock by early 1860, such that by December 1860 there were 456 members and 41 advances of over £6,000.

[7] In early 1870, the society's assets had grown to £56,000 and the need for larger premises lead to the offices moving to 4 Victoria Street, Derby,[9] where it remained for many years.

[11] Unusually there was no vote amongst members as to this proposition, after a special resolution under the Building Societies Act enabling a faster merger.

[citation needed] Between 2005 and 2008, Derbyshire Building Society was the main kit sponsor of English football club Derby County.