The latest business press releases from BCB.
BCB acquires Private and Commercial Finance Group
September 18, 2015
Bermuda Commercial Bank (“BCB” or the “Bank”) today announces that it has acquired equity and convertible loan notes in Private and Commercial Finance Group PLC (“PCFG”) from Somers Limited, the Bank’s parent company. It is the Bank’s intention to convert the loan notes to equity prior to 30th September 2015, giving the Bank an approximate 75% holding in PCFG and resulting in PCFG becoming a consolidated subsidiary of the Bank.
Bermuda Report- Captive Review 2015
June 11, 2015
"Doing the Simple Things Well" Q&A with CEO Peter Horton
Bermuda Commercial Bank CEO, Peter Horton, outlines BCB's plans to launch a captive banking platform.
Captive Review (CR): What should a captive owner look for in a banking partner and what makes BCB stand out in this regard?
Peter Horton (PH): To us the most essential feature of a good banking partner is the business relationship between the banker and its clientele. It’s about having a detailed understanding of each other’s needs and using that knowledge to work together effectively to look after the captive. We are investing signiﬁcantly in building a strong relationship-focused offering, which demands the right people with the right training to create the right product.
Strong relationships and exemplary service are our top priority. Next is an emphasis on ease of transaction. Relatively basic issues, such as opening a bank account in a timely manner, are often overlooked.
It is important to emphasise BCB’s commitment to the captive sector. We have found that certain business sectors are not receiving the committed relationship they require from banks globally. We at BCB, on the other hand, are determined to develop and introduce a strong proposition to the captive space in Bermuda.
Bermuda Commercial Bank receives Award of Excellence from Deutsche Bank
June 3, 2015
On May 19, 2015 in New York City, Bermuda Commercial Bank was presented with the Deutsche Bank 2014 EURO STP (“straight through processing”) Excellence Award. This award recognised BCB for the “exceptional quality of payment messages” sent to Deutsche Bank’s Global Transaction Banking Operations unit for payments in Euros for the 2014 fiscal year.
Bermuda Commercial Bank's Custody Division Appoints RBC Investor & Treasury Services as Global Custodian
June 1, 2015
Bermuda Commercial Bank Limited is pleased to announce that after careful consideration we are moving our Custody Services relationship to RBC Investor & Treasury Services. Part of the Royal Bank of Canada, RBC Investor & Treasury Services is a perennial award winning leader in global custody services and we very much look forward to this new partnership and being able to offer the best global custody services possible to our clients.
BCB Appoints Two New Board Members
March 4, 2015
Bermuda Commercial Bank’s Board of Directors are pleased to announce that two new members were appointed to the Board with effect from February 25, 2015, namely Mr. David Cash and Mr. Derek Stapley.
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