To our valued customers:
As we announced in November 2019, Scotiabank has entered into an agreement to sell its banking operations in the British Virgin Islands to Republic Financial Holdings Limited (“Republic Bank”). The agreement is subject to regulatory approvals and customary closing conditions. We expect the transition to take place over the next couple of months.
Until regulatory approval is obtained, closing conditions are met and the transaction closes, all Scotiabank operations will continue as usual. Customers do not need to make any changes to their accounts, loans or other banking services.
We are confident that customers will benefit from Republic Bank’s history of customer service and their established presence in the Caribbean. We will work closely with Republic to provide a smooth transition.