Abstract: A solenoid is provided which, in the preferred embodiment, has a bobbin having an axial opening in it. A divider is mounted within the opening. Respective ones of a first pole piece and a second pole piece are located on opposite sides of the divider. A permanent magnet is moveably mounted from the axial opening and is moveable independently of the second pole piece between at least a first position adjacent to the divider, and a second position adjacent the second pole piece. The construction provides a fast acting, low cost latching solenoid construction.