Press Releases

For additional information, please contact:

Louise Wakefield,
Bermuda Commercial Bank
+1 441-295-5678

BCB Business News

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.

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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.

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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.

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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.


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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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Copyright @ Bermuda Commercial Bank Limited, 2018
All rights Reserved

Copyright @ Bermuda Commercial Bank Limited, 2018
All rights Reserved