Isle of Man Bank

Isle of Man Bank Limited
Private limited company
Industry Financial Services
Founded 1865
Headquarters Douglas, Isle of Man
Key people
Bill Shimmins (CEO)[1]
Adrian Gill (Chairman)
Products Banking, insurance, mortgages
Revenue £ 45 Million (2013) [2]
£ 17.6 Million (2013)
Total assets £ 1.5 Billion (2013)
Total equity £ 120 Million (2013)
Owner RBS Group plc
Website www.iombank.com

Isle of Man Bank is a bank in the British Crown dependency of the Isle of Man, providing retail, private and business banking services to the local population. It is licensed by the Isle of Man Financial Services Authority in respect of deposit taking, investment business and registered as a general insurance intermediary.

History

Isle of Man Banking Co. Ltd. was established at Athol Street, Douglas on 26 October 1865. It was the first limited liability company enrolled on the register following the passage of the Companies Act 1865. The bank was acquired by National Provincial Bank in 1961, becoming a subsidiary of National Westminster Bank upon the merger of its parent with Westminster Bank in 1968 and joined The Royal Bank of Scotland Group in 2000, when NatWest was acquired by the Scottish bank.[3]

Services

The bank has six branches on the island: Douglas Athol Street, Douglas Regent Street, Ramsey, Peel, Castletown and Port Erin. Furthermore there is a mobile branch named Penny, which visits parts of the island that do not have a branch such as Kirk Michael, Laxey and Onchan.

See also

References

External links



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