Bank of Montserrat
Type | Unlisted public company |
---|---|
Industry | Commercial Banking |
Genre | Financial Services |
Founder | |
Headquarters | Brades, Montserrat |
Key people | , Chairman of the Board , General Manager |
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Total assets | ![]() |
Total equity | ![]() |
Website | www |
The Bank of Montserrat Limited is the only community bank operating in the island of Montserrat.[2] It was incorporated on February 22, 1988 by , and officially offered its banking services to the public on May 3, 1988.
Ownership[]
The bank, which operates as an unlisted public company, is jointly owned by local investors and the Government of Montserrat. As of March 2018, the island's government owned approximately 63% of the bank's total outstanding stock.[3] However, the government, under the Reuben Meade administration had expressed its intentions to fully divest their ownership stake in the bank.[4]
Bruce Farara, a local businessman, is currently the largest individual shareholder in the Bank of Montserrat Limited. As of March 2018, he owns a 3.10% stake in the bank. The heirs of John Osborne, the island's 3rd Chief Minister, also collectively own a 2.44% stake in the bank.
Corporate affairs[]
Board of directors[]
Bank of Montserrat's board of directors consists of the following members:[5]
- Dalton Lee, Chairman
- John E. Ryan, Director
- Bruce Farara, Director
- Duleep Cheddie, Director
- Beverly Mendes, Director
- Venita Cabey, Director
- Johanathan Johannes, Director
- Fitzroy Buffonge, Director
- John P. Osborne, Director
- Robert Frederick, Director
- Ivan Browne, Director
Largest Competitors[]
External links[]
References[]
- ^ "Bank of Montserrat 2019 Annual Report" (PDF).
- ^ "Bank of Montserrat Ltd: Company Profile". Bloomberg. Retrieved February 18, 2017.
- ^ http://www.bankofmontserrat.ms/wp-content/uploads/2009/10/Bank-of-Montserrat-2018-APO-Prospectus.pdf
- ^ "Bank of Montserrat Prospectus 2013" (PDF). Bank of Montserrat Limited. Retrieved February 18, 2017.
- ^ "Bank of Montserrat » Board of Directors".
- Banks of the Caribbean
- Companies of Montserrat
- Banks established in 1988
- Banks of British Overseas Territories
- 1988 establishments in Montserrat