Author: Caribbean Association of Banks Inc

NEW YORK–(BUSINESS WIRE)–Snowden Lane Partners, an independent, advisor-owned, wealth advisory firm dedicated to providing client-focused advice in a values-driven culture, today announced it has been included in the Barron’s list of the Top 100 Registered Investment Adviser Firms. This is the third consecutive year that Snowden Lane has been named to the list, which showcases the top independent RIA firms nationally. “Barron’s has garnered tremendous respect across the wealth management industry, which only makes our inclusion on this list more…

WILLEMSTAD/PHILIPSBURG – With the approval of the Governments of Curaçao and Sint Maarten, the Centrale Bank van Curaçao en Sint Maarten (CBCS) is moving ahead with the project for the introduction of the Caribbean guilder. The CBCS’s aim is for the Caribbean guilder to be introduced in 2024. Preparatory work for the introduction of the new currency began in 2019 but was suspended in 2020, pending the assessment by the IMF of the pros and cons of introducing a currency…

Bridgetown, Barbados, 2nd September 2022. FirstCaribbean International Bank (Barbados) Limited (“FirstCaribbean”) announced today that it will cease its operations in the Commonwealth of Dominica on 31st January 2023. Managing Director for Barbados and the OECS, Donna Wellington, noted: “Decisions like this are never easy, and never taken lightly, as we are mindful of the impact on our employees and our customers. We have made this decision in light of our stated strategy of simplifying our structure and following the sale…

Republic Financial Holdings Ltd (RFHL) has announced that subject to all regulatory approvals its Board has approved the merger of two of its subsidiaries, Republic Bank (Cayman) Ltd (RBKY) and Cayman National Bank (CNB). Republic said RBKY’s entire book of business will be transferred to CNB and upon the effective date of the merger, CNB will be the surviving entity and RBKY will no longer be a subsidiary within the Republic Group of companies. A press release from the Cayman…

Pursuant to its acquisition of RBTT Bank Caribbean Limited in St. Vincent and the Grenadines, 1st National Bank St. Lucia Limited announced it has obtained its Banking License from the Eastern Caribbean Central Bank (ECCB) to operate the banking business, an achievement, it says, will pave the way for new growth opportunities as it expands its footprint within the region. Rebranding of RBTT Bank Caribbean Limited was the first step after the acquisition. Preparations are now underway for integration of…

The Eastern Caribbean Central Bank (ECCB) has advised that effective 1 August 2022, the operations of RBTT Bank Caribbean Limited in Saint Vincent and the Grenadines (RBTT SVG) will cease, following 1st National Bank St. Lucia Limited’s (1st National) acquisition of RBTT SVG. As a result, RBTT Bank Caribbean Limited will become a branch of 1st National Bank St. Lucia Limited as of Monday, 1 August. The ECCB, in consultation with the ECCB Monetary Council, approved the application for the…

Castries, Saint Lucia: Republic Bank (EC) Limited has announced a new sustainable energy suite package as part of its service offering to clients. According to Michelle Palmer-Keizer, Managing Director of the Bank’s EC operations, “This ground-breaking sustainable energy suite is directly linked to our leadership role in supporting sustainable development goal attainment in the region.  Specifically, we are keen to move the needle on climate action and the availability of affordable and clean energy. Whether a business owner, an investor or…