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Corporate Profile
and Values

Bermuda Commercial Bank Limited is the specialist Bermuda bank delivering innovative and effective solutions to provide superior customer experience. We offer tailored financial solutions and personal attention to Bermuda-based and international business customers, individual clients and service providers. Since 1969, we have provided outstanding personal service to our clients. We offer competitive banking products and services as well as internet and mobile banking, global custody and brokerage, trust administration, and a comprehensive range of corporate administration services.

The BCB Board has established a set of values that guide the work of the business. These values are:

  • Deliver superior value for our stakeholders and the community
  • Differentiate products and solutions through customer experience and innovation
  • Maintain a well-capitalised and liquid balance sheet
  • Be accountable and always compliant in line with our Code of Conduct
  • Promote respect and diversity

History of Bermuda Commercial Bank Limited

  • Bermuda Commercial Bank Limited (“BCB” or the “Bank”) began by an Act of Parliament in February 1969.
  • In April 2010, the majority shareholding in the Bank was purchased by an investor group through Permanent Investments Limited.
  • In October 2011, BCB expanded its trust and corporate administration services business through the acquisition of two established Bermuda companies. This was consistent with the Bank’s strategic objectives and overall business goals of creating a full-service financial services institution in Bermuda. 
  • In October 2012, BCB became a wholly-owned subsidiary of Somers Limited and delisted from the Bermuda Stock Exchange.
  • In November 2015, BCB implemented a state-of-the-art core banking system, along with a suite of products, including internet banking. This allowed the Bank to grow its channel offerings and business lines, as well as providing better reporting and analysis. It also improved the Bank’s exceptional customer service.
  • In June 2016, the BCB Group of Companies moved into a new location at 34 Bermudiana Road, Hamilton.
  • In 2019, BCB celebrated its 50-year anniversary of providing banking services to Bermuda and internationally.

Board of Directors

As of 1 October 2020
* Denotes non-Bermudian Director

Executives and
Senior Management Team

Hubert Esperon – Chief Executive Officer 
Lasantha Thennakoon – Chief Financial Officer
Louise Wakefield – Chief Innovation Officer
Michael Schulz – Chief Strategy & Regulatory Officer
Stephen Egan – Interim Chief Risk Officer

Sunny Agarwal – Head Of Compliance Operations
Lisa Barnes – Head Of Customer Experience
Anthony Garzia – Commercial Team Leader
Arhnel Terroza – Head Of Internal Audit
Matthew Corbin – General Manager – Trust And Corporate Services

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