THERE'S A LOT OF HISTORY BEHIND US The dream of every Jamaican is to own offering its services to Jamaicans overseas. and expanding branch network. By this a home. It is this dream that drove the The growing ethnic population in the time, the Society had gained the confidence concept of the Building Society Movement United Kingdom and the lifted States of and experience to execute and conclude a in . In 1864, the Building Society America arose out of the migration of simultaneous 'triple merger* which took was introduced in the island, to assist Jamaicans to these countries in the 1950's place on December 1970, when working and middle-class people to realise and the 1960's, presenting the Westmoreland Building Society merged ** their dream of home-ownership. opportunities of a new marketing niche. with the St James Benefit, St Ann Benefit With the passing of the Act for the The promotional activities of the and the Brown's Town Benefit Building Regulation and Encouragement of Benefit Westmoreland Building Society including Societies. Building Societies, a number of Building the offering of savings and loan facilities The end of the decade of the 1970's Societies emerged in Jamaica. Most of and remittance services to these market also saw the further consolidation of a these, located in various parishes of the niches, led to die continued growth of the development strategy, which included a island, were based in the Church, and were Building Society. A modern office block change of the name of the Westmoreland supported by the clergy and congregations was erected at Hendon Corner in Savanna- Building Society to the Jamaica National of these churches, islandwide. la-mar in 1960, and by the mid 1960's, Building Society, a name which it was The history of the Jamaica National the Building Society had developed a thought, more appropriately reflected its Building Society starts with the genesis of strategic plan to extend its services to all true national status. By that time, the the Westmoreland Building Society in parishes on a phased basis. A first step islandwide branch network included 1874. On Thursday, August 13, of that was the opening of a Branch Office at 4 branches in , Brown's Town, year, the Westmoreland Building Society Duke Street, Kingston in 1965. At the St Ann's Bay, , Savanna-la-Mar, held its first Directors' Meeting at the same time, the Society's accounting system Kingston, Santa Cruz, Mandeville and May Hendon House, Savanna-la-mar with the was mechanized. Pen. Reverend Henry Clarke as founder and In 1967, the aegis of the Jamaica 125 years old, the Jamaica National first Chairman of the Building Society. National Building Society was marked by Building Society is a true conglomeration of As the Building Society grew, it not only another significant event This was the nine amalgamated rural Building Societies, improved its physical plant, but also began pioneer merger between Westmoreland which had all merged with the BuMmg Society with the Manchester Westmoreland Building Society to form the utual Building Society, audits association strong and dynamic entity that is the with the Central Building Society in Jamaica National Building Society that Christiana. exists today. ^/ Shortly there after, branches were The Society further strengthened its established in Santa Cruz, Mandeville and position by mergering with the Hanover . All, including the first Duke Benefit Building Society in 1996. Street branch, were linked by radio- Steady, solid growth has made us the telephone to the Head Office in Savanna-la- largest building society in Jamaica with Mar. ;:-v.:;V,-. ' /.-''•••' . ;• 18 branches across the island and 6 Computerisation was initiated at the international offices. We are Savanna-la-Mar Head office in 1970, so as strengthened by several subsidiaries and to better service the growing membership associate companies offering a full range

JNBS Quick Facts THE FIRST'JAMAICA BtJIDLING SOCEITY THE JAMAICA NATIONAL BUILDING SOCEITY HAS ALSO • To pioneer a series of successful mergers BEEN A PIONEER IN: • Introducing the staff awards programme • To record, the equivalent of JS 10 billion in assets • Sports marketing • To disburse JS 1 billion in mortgages in a year • The common entrance scholarship awards programme • To disburse a 5% mortgage loan . • Real estate developmenrthrough JN Real Estate and Development Company Limited .•••:•' • Through a subsidiary to open offices in the I SA and Canada AS WELL AS, . '•'• '• .'. ' . .''.'; '. '.,.'. • With the largest overseas office network •. The first and only building society to have an employee as Staff Director on the Executive Committee and To facilitate mortgages on UK properties ' Main Board .'••.•". To offer money transfer/remittance services • Strategic involvement with NEM Insurance Company Limited (General Insurance) and Edward Gayle and To install a. Compliance Executive Company (Stockbrokers) •'.:•..

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