Bermuda Commercial Banking Company Limited ("BCB") Is One Of Four Licensed Banks In Bermuda And Is A 100% Subsidiary Of Provident Holdings Limited.
BCB Commenced In 1969 Through An Act Of Parliament In 2016. BCB's State-of-the-art Core Banking System Offers A Complete Suite Of Products, Including Online Banking. 34 In 2019, BCB Group Company Moved Into Its New Premises At 50 Bermuda Road, Hamilton. BCB Also Celebrated Its Anniversary Of Providing Banking Services To Bermuda And Internationally. In January 2021, Investment Company Provident Holdings Limited Acquired BCB Group Company From Somers Limited. In 2022, BCB Sold Its Licensed Trust Business And Major Licensed Corporate Management Services Business, As Well As Two Small Operating Subsidiaries. The Sale Is In Line With A New Strategy To Focus On Bermuda's Core Banking Business.
Bermuda Commercial Bank Limited Is Bermuda's Specialist Bank, Providing Innovative And Effective Solutions To Deliver An Exceptional Customer Experience. Providing Tailored Financial Solutions And Personal Attention To Bermuda And International Business Clients, Individual Clients And Service Providers. Providing Outstanding, Personalized Service To Clients Since 1969. Offering Competitive Banking Products And Services, As Well As Internet And Mobile Banking, Consumer And Business Lending, And Global Custody And Brokerage Services.
- Bermuda Commercial Bank Limited ("Bermuda Commercial Bank" Or "Bank") Was Established In 1969 By An Act Of Parliament.
- In March 2010, An Investor Group Purchased A Majority Stake In The Bank Through Permanent Investments Limited.
- In February 2011, BCB Expanded Its Trust And Corporate Management Services Business By Acquiring Two Well-established Bermuda Companies. This Is In Line With The Bank's Strategic And Overall Business Objectives To Establish A Full-service Financial Services Institution In Bermuda.
- In July 2012, BCB Became A Wholly Owned Subsidiary Of Somers Limited And Was Delisted From The Bermuda Stock Exchange.
- In August 2015, BCB Implemented A State-of-the-art Core Banking System, As Well As A Complete Suite Of Products Including Online Banking. This Enabled The Bank To Expand Its Channel Offerings And Lines Of Business, And Provide Better Reporting And Analysis. It Also Improved The Bank's Excellent Client Server.
- In March 2016, BCB Group Company Moved Into Its New Premises At Bermuda Road, Hamilton.
- In September 2019, BCB Celebrated Its 50th Anniversary Of Providing Banking Services To Bermuda And Internationally.
- In August 2021, Investment Firm Provident Holdings Limited Acquired The BCB Group Company From Somers Limited.
