CIBC FirstCaribbean Suspends Banking Service on South Caicos

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January 18, 2018

CIBC FirstCaribbean wishes to advise its clients on South Caicos that weekly visits by the bank’s staff to provide banking services through its agency there will be suspended with immediate effect.

Country Head Larry Lawrence explained that following the passage of Hurricanes Irma and Maria, and the severe damage to South Caicos by those storms, the bank undertook a comprehensive review of its premises and facilities in all the islands of the Turks and Caicos Islands.

“Our Premises Consultants have advised that the facilities on South Caicos are not fit for use by either our employees or our clients. The bank also has some safety concerns around the temporary alternative accommodation provided as a short to medium term measure immediately after the hurricanes,” Mr. Lawrence said.

“This is not a decision that we have come to lightly and we sincerely regret that this action has become necessary, but it is with regard to the safety of our staff and clients,” he noted.

He added that “clients on South Caicos are invited to travel by ferry to Providenciales to conduct their banking. Persons visiting Grand Turk may also use that opportunity to do their banking at our branch located there. Additionally, they can use our online banking services.

“We sincerely regret any inconvenience these new arrangements will cause to our clients in the TCI. We were left with no option following the massive amount of damage the two powerful hurricanes left in their wake, and we commit to providing the best possible service to our clients from our remaining locations”, noted Mr. Lawrence.

About CIBC FirstCaribbean
CIBC FirstCaribbean is a relationship bank offering a full range of market leading financial services through our Corporate and Investment Banking, Retail and Business Banking and Wealth Management segments. We are located in seventeen (17) countries around the Caribbean, providing the banking services that fit our customers’ lives through approximately 3,000 employees in 68 branches and offices. We are one of the largest regionally listed financial services institutions in the English and Dutch speaking Caribbean, with over US$12 billion in assets and market capitalization of US $2 billion. We also have an office in Hong Kong. The face of banking is changing throughout the world and CIBC FirstCaribbean intends to lead these changes with the expertise, integrity and knowledge gained from banking in the Caribbean since 1836.

CIBC FirstCaribbean is a member of the CIBC Group. CIBC is a leading Canadian-based global financial institution with 11 million personal banking and business clients. Through our three major business units - Retail and Business Banking, Wealth Management and Capital Markets - CIBC offers a full range of products and services through its comprehensive electronic banking network, branches and offices across Canada with offices in the United States and around the world.

For more information about CIBC FirstCaribbean, visit www.cibcfcib.com, Facebook: CIBCFCIB, Twitter: CIBC_FCIB, LinkedIn: CIBC FirstCaribbean International Bank, Instagram: CIBCFirstCaribbean, YouTube: CIBC FirstCaribbean

News date : 01/18/2018    Category : Caribbean News, Finance

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