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ACB Caribbean retains all former RBC employees Customers wait patiently to experience banking services at the Market and High Street branch of ACB Caribbean in St John’s. (Photo by Leon Norville) Spread the love The Manager of Antigua Commercial Bank (ACB) Caribbean Mortgage and Trust, Peter Ashe, said all former Royal Bank of Canada (RBC) employees in Antigua and in Grenada will remain with the new institution after the acquisition. Antigua and Barbuda and four other regional banks acquired the RBC operations in their respective territories on April 1, 2021 with a focus on scaling the business of their individual banks. ....
Share this post: The Eastern Caribbean Central Bank (ECCB) advises that effective 1 April 2021, the Royal Bank of Canada’s (RBC) operations in Antigua and Barbuda, the Commonwealth of Dominica, Montserrat, Saint Christopher (St Kitts) and Nevis and Saint Lucia have ceased, having been acquired by a consortium of national banks. The Consortium of banks comprises: Antigua Commercial Bank Limited (ACB), National Bank of Dominica Limited (NBD), Bank of Montserrat Limited (BOM), The Bank of Nevis Limited (BON) and 1st National Bank St Lucia Limited (1st National). As part of this transaction, the Consortium has also acquired the RBTT Bank Caribbean Limited in Saint Vincent and the Grenadines and majority shareholding in RBTT Bank Grenada Limited and RBTT Bank (SKN) Limited. ....