Industry Financial Services Website www.iombank.com Revenue 45 million GBP (2013) Net income 17.6 million GBP (2013) Total equity 120 million GBP (2013) | Owner RBS Group plc Founded 1865 Total assets 1.5 billion GBP (2013) | |
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Type Private limited company Key people Bill Shimmins (CEO)Adrian Gill (Chairman) Profiles | ||
Isle of man banks offshore
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.
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History
Founded by Samuel Harris, Henry Noble, William Moore and William Callister, 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.
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.