Isle of Man Bank

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Isle of Man Bank Ltd.
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 Limited is the national bank of the Isle of Man. It was established in Douglas on 26 October 1865, the first limited company to be formed after a new law, the Companies Act 1865, which paved the way for their establishment on the island. It was acquired by the National Provincial Bank in 1961, becoming part of the 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 the NatWest was purchased by the Scottish bank.[3]

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.

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