Bank of Montserrat

Bank of Montserrat LimitedCompany type| Unlisted public company

|

Industry| Commercial Banking
Genre| Financial Services
Founder| Hensey Fenton
Headquarters| Brades, Montserrat

Key people

| Dalton Lee, Chairman of the Board
Baldwin Taylor, General Manager

Operating income

|  US$4,065,799 (as at September 30, 2021)[1]

Net income

|  US$508,323 (as at September 30, 2021)
Total assets|  US$157,756,463 (as at September 30, 2021)
Total equity|  US$16,062,096 (as at September 30, 2021)
Website| www.bankofmontserrat.ms

The Bank of Montserrat Limited is the only community bank operating in the island of Montserrat.[2] It was incorporated on February 22, 1988 by Hensey Fenton, and officially offered its banking services to the public on May 3, 1988.

## Ownership

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The bank, which operates as an unlisted public company, is jointly owned by local investors and the Government of Montserrat. As of March 2018, the island's government owned approximately 63% of the bank's total outstanding stock.[3] However, the government, under the Reuben Meade administration had expressed its intentions to fully divest their ownership stake in the bank.[4]

Bruce Farara, a local businessman, is currently the largest individual shareholder in the Bank of Montserrat Limited. As of March 2018, he owns a 3.10% stake in the bank. The heirs of John Osborne, the island's 3rd Chief Minister, also collectively own a 2.44% stake in the bank.

## Corporate affairs

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### Board of directors

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Bank of Montserrat's board of directors consists of the following members:[5]

* Dalton Lee, Chairman
* John E. Ryan, Director
* Bruce Farara, Director
* Duleep Cheddie, Director
* Beverly Mendes, Director
* Venita Cabey, Director
* Johanathan Johannes, Director
* Fitzroy Buffonge, Director
* John P. Osborne, Director
* Robert Frederick, Director
* Ivan Browne, Director

## External links

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* Official Website

* Banks portal

## References

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1. ^ "Bank of Montserrat 2019 Annual Report" (PDF).
2. ^ "Bank of Montserrat Ltd: Company Profile". Bloomberg. Retrieved February 18, 2017.
3. ^ "Bank of Montserrat 2018 APO Prospectus" (PDF). www.bankofmontserrat.ms.
4. ^ "Bank of Montserrat Prospectus 2013" (PDF). Bank of Montserrat Limited. Retrieved February 18, 2017.
5. ^ "Bank of Montserrat » Board of Directors".