Established in 1992, JN Cayman, formerly the National Building Society of Cayman (NBSC) operated under local management and control until 2002 when the Jamaica National Building Society (JNBS) assumed majority ownership. In 2015, NBSC was rebranded JN Cayman.
The largest building society in Jamaica and the Caribbean, the Jamaica National Building Society (JNBS) emerged in 1970 after a series of mergers of parish building societies, which started in 1967, when the Westmoreland Building Society acquired the Manchester Mutual Building Society. With its history stretching back more than 14 decades, the Society was restructured and The Jamaica National Group mutual holding company and JN Bank, the third largest commercial bank in Jamaica, was launched on February 1, 2017. Chief Executive Officer of The Jamaica National Group, Earl Jarrett, is Acting Chairman of JN Cayman.
JN Cayman board members include:
Chartered accountant, Gladstone Lewars, entrepreneur, Captain Robert Hamaty, OD, attorney-at-law, Derek Jones and JN Cayman Managing Director, Damion Hylton.
JN Cayman is unique in its environment, as it is the only building society in the Cayman Islands. Its principal activities are granting home loans and deposit taking by way of regular savings accounts and Fixed Deposits. Mortgage loans and savings and deposit accounts are offered in US and CI dollars.
JN Cayman is regulated by the Cayman Islands Monetary Authority (CIMA).