Bank of Montserrat
| Company type | Unlisted public company |
|---|---|
| Industry | Commercial Banking |
| Genre | Financial Services |
| Founder | Hensey Fenton |
| Headquarters | Brades, Montserrat |
Key people | Dalton Lee, Chairman of the Board Baldwin Taylor, General Manager |
 US$4,065,799 (as at September 30, 2021)[1] | |
 US$508,323 (as at September 30, 2021) | |
| Total assets | US$157,756,463 (as at September 30, 2021) |
| Total equity | US$16,062,096 (as at September 30, 2021) |
| 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 Hensey Fenton, and officially offered its banking services to the public on May 3, 1988.
Ownership
[edit]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
[edit]Board of directors
[edit]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
External links
[edit]
References
[edit]- ^ "Bank of Montserrat 2019 Annual Report" (PDF).
- ^ "Bank of Montserrat Ltd: Company Profile". Bloomberg. Retrieved February 18, 2017.
- ^ "Bank of Montserrat 2018 APO Prospectus" (PDF). www.bankofmontserrat.ms.
- ^ "Bank of Montserrat Prospectus 2013" (PDF). Bank of Montserrat Limited. Retrieved February 18, 2017.
- ^ "Bank of Montserrat » Board of Directors".