Jul 2008 Financial News

NCB opens 48th branch

Jul 16, 2008

The transformation of the old courthouse in the town centre of Port Antonio is complete, and the historic structure now houses a new branch of National Commercial Bank, developed at a cost of $131 million.

NCB had a soft launch of the branch on Monday which is to be followed by a formal opening July 22, making it the 48th location in the banking network.

The old courthouse was aban-doned following a fire which gutted the building on July 21, 2004.

The property, which has sentimental value for NCB chair-man Michael Lee Chin who is from Portland, was subsequently acquired by the bank through a long-term lease from the Ministry of Lands in February 2005.

The building which took about 14 months to be restored will host a staff complement of 17, and offer products from the bank's insurance and wealth management subsidiaries.

Source:
susan.gordon@gleanerjm.com
Jamaica Gleaner
Wednesday July 16, 2008

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