Isle of Man Bank

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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[edit]

The earliest Manx bank began business in 1802 at Castletown. It was known as the Isle of Man Bank and carried on trading until 1818.[3]

Founded by Samuel Harris, Henry Noble, William Moore and William Callister,[4] the 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.[5] Isle of Man Bank (Nominees) Limited is a direct subsidiary of Isle of Man Bank, which is itself a direct subsidiary of The Royal Bank of Scotland International (Holdings) Limited.

Services[edit]

The Head Office (in Douglas) of the Isle of Man Bank Limited.

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[edit]

References[edit]

  1. ^ Isle of Man Bank - Welcomes experienced lawyer to board of directors
  2. ^ Isle of Man Bank Limited 2013 Annual Report
  3. ^ Isle of Man Daily Times, Tuesday, January 17, 1961; Page: 3
  4. ^ Mona's Herald. Wednesday, 14.06.1905 Page: 7
  5. ^ "A short history of Isle of Man Bank" (PDF). rbs.com. The Royal Bank of Scotland Group. 2005. Archived from the original (PDF) on 2007-10-30. 

External links[edit]