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Topic: Cayman National Bank

Cayman National closes Buckingham Square branch

Cayman National has closed its Buckingham Square branch to customers as of 15 Sept.

Business in brief

Cayman National Bank has announced the extension of the optional three-month loan deferral first announced in March. The bank offers clients in good standing the opportunity to waive up to three months of loan payments.

Local bank outage not related to data breach

An outage of service at Cayman National Bank over the weekend coincided with a major data breach at the bank’s sister company in the Isle of Man. CNB officials say the two incidents are unrelated and local customers should not be affected by the overseas event.

Republic Bank’s offer for Cayman National stock closes

People who sold their shares in Cayman National Corporation Ltd. to the Republic Bank Trinidad and Tobago (Barbados) Ltd. can pick up their payments on Wednesday, March 13, some six months after the Republic Bank opened its offer.

Cayman National ex-president sues over termination

Ormond Williams is suing Cayman National Bank for wrongful termination after being ousted as the bank’s president last November.

Janet Hislop tapped as new Cayman National Bank president

Cayman National Bank announced on Friday that it has appointed Janet Hislop to serve as its new president.

A look back at the year that was

The year 2018 was an eventful one for the Cayman Islands.

Cayman National named ‘Bank of the Year’ 2018

Cayman National Bank announced that it has won the “Bank of the Year” award for the Cayman Islands for 2018. The award was presented by The Banker magazine, part of the Financial Times group in London, U.K., on Nov. 29.

CNC: Bank has not received other purchase offers

As the Republic Bank Trinidad and Tobago (Barbados) Ltd. nears the finalization of its acquisition of Cayman National Corporation Ltd., the local bank stated on Monday that it has not received any official offers from other institutions to purchase Cayman National shares.

Cayman National ousts longtime president

Ormond Williams has been terminated from Cayman National Bank after serving as its president for 15 years.

Cayman National shareholders take final step to effect sale

Shareholders voted on Wednesday to remove a restriction on any single entity owning more than 10 percent of Cayman National Corporation Ltd., a move that will allow Republic Bank Trinidad and Tobago (Barbados) Ltd. to finalize its acquisition of the local bank.

EDITORIAL – Godspeed and good tidings to Cayman National

Cayman National may rightfully be considered a community treasure by many, but it is also a publicly traded company with duties and fiduciary responsibilities to its shareholders.

Trinidad bank acquires majority ownership in Cayman National

The Republic Bank Trinidad and Tobago (Barbados) Ltd. has acquired majority ownership in local bank Cayman National Corporation Ltd.

Directors to sell Cayman National shares

All but one of the directors of local bank Cayman National Corporation Ltd. intend to sell their shares to the Republic Bank Trinidad and Tobago (Barbados) Ltd., according to a recently released directors’ circular, which provides more details about Republic Bank’s attempted acquisition of Cayman National.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

Statement: Premier refutes Opposition claim that Cayman National Shareholders owe Government money

On Friday 5th October the Leader of the Opposition issued a press statement entitled “Opposition calls for the repayment of CI$20 million owed to the people of the Cayman Islands”.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

Statement: Opposition calls for the repayment of CI$20 million owed to the people of...

News that Cayman National Corporation (CNC), the parent company of Cayman National Bank - Cayman’s last remaining Caymanian owned bank has been recommended for sale by CNC Board of Directors, have prompted Opposition members to demand the urgent repayment of the CI$20million investment made in its previous subsidiary insurance company, Cayman General Insurance.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

Statement: Speaker refutes Opposition Irresponsible Rhetoric On Hurricane Claim

Grand Cayman, Cayman Islands- On Friday 5th October 2018 the Leader of the Opposition issued a press statement entitled “Opposition calls for the repayment of CI$20 million owed to the people of the Cayman Islands”.

Opposition, government clash over proposed Cayman National deal

As shareholders of local bank Cayman National Corporation Ltd. mull an offer by the Republic Bank Trinidad and Tobago (Barbados) Ltd. to buy up to 74.99 percent of their shares, the territory’s opposition legislators are calling for the “repayment” of a $20 million “investment” government made into a former Cayman National subsidiary in 2005.

Cayman National Corporation acquisition: Board recommends sale to Trinidad bank

The board of directors for local bank Cayman National Corporation Ltd. announced on Tuesday that it is recommending their shareholders to accept an offer by the Republic Bank Trinidad and Tobago (Barbados) Ltd. to buy their shares.

East End Post Office ATM damaged

An ATM at the East End Post Office was damaged just 18 days after it was installed by Cayman National Bank.

​​Trinidad bank moves to acquire Cayman National

The Republic Bank Trinidad and Tobago (Barbados) Ltd.’s potential acquisition of local bank Cayman National Corporation Ltd. is under way, with the Republic Bank opening an offer this week to purchase Cayman National shares.

Cayman National named title sponsor of Special Olympics camp

Cayman National Bank has signed up as the title sponsor of the inaugural Cayman Islands Classic Special Olympics basketball camp, according to organizers.

Shot fired in Cayman National robbery

Two armed and masked men robbed a security guard transporting cash outside Cayman National Bank in the early hours of Saturday morning. Police said a single shot was fired in the holdup.
Police tape

Armed men rob Cayman National Bank

Two masked men armed with guns robbed a security guard at Cayman National Bank on Elgin Avenue early Saturday morning, police reported. The Royal Cayman Islands Police dispatched around 12:30 a.m. to the scene, where two bags containing cash were reportedly stolen from the guard.

Six Cayman retail banks install automated clearing house

Six major Cayman banks have come together in a partnership to install an automated clearing house that will ease the transfer of electronic funds.

Junior Batabano T-shirt design contest won by St. Ignatius student

The T-shirts that will be worn by staff, parents and volunteers at this Saturday’s Junior Batabano Street Parade were designed by 15-year-old St. Ignatius student Samruddhi Tagalpallewar, who won the carnival’s annual T-shirt design competition.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

OBMI celebrates 50th anniversary in the Cayman Islands

Cayman architecture and interior design firm OBMI celebrated its 50th anniversary with nearly 100 industry representatives at Hemingways restaurant last week.

Corporate volleyball league competition heats up

Exciting play was the name of the game in Week 3 of the Camana Bay Indoor Co-Ed Corporate League on Wednesday night.

Student consulting program at all-time high

The number of students and small businesses taking part in the Ministry of Commerce’s Student Consulting Program reached record numbers this year.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

Business/student collaboration program starts soon

The Ministry of Commerce is encouraging small businesses to take part in the student consulting program, a collaboration between the ministry, the University College of the Cayman Islands and Cayman National Bank.

Business in brief: Campbells welcomes new articled clerk Demi McLean

Demi McLean has joined Campbells’ training program as the law firm’s newest articled clerk.

Golf Association’s President’s Trophy contested on Saturday

The Cayman Islands Golf Association marked its 25th anniversary at the annual President’s Trophy event presented by Cayman National Bank on Saturday.

Justice Malcolm retires with accolades

The first judge to pass a murder sentence under Cayman’s new Conditional Release Law. The trial judge for men charged with the 2012 Cayman National Bank robbery – the largest in local history.

Formal plea deal system for criminal informants considered

When bank robber Marlon Dillon agreed to turn police informant after being caught hiding under a shed at his home with $100,000 in cash nearby, his evidence helped solve a number of serious cases.

Cayman National Bank worker killed in Honduras

A Cayman National Bank projects manager was killed last week in Honduras, where she had traveled to celebrate her elderly mother’s birthday, according to bank officials and reports in the Honduran press.

Eggs at night, Kiwanis delight

The Kiwanis Club of Grand Cayman, along with sponsor Cayman National Bank, will host its fourth annual Breakfast for Dinner fundraiser – Sunny Side Up – on Saturday.

Cayman National Bank supports Batabano

Cayman National Bank has signed on as the official sponsor of the “Blocko with Pan Beat Competition” on April 29 during Cayman Carnival’s Junior Batabano. “As the local community bank, Cayman National is proud to celebrate our culture and showcase the beauty of our island and talent of our people through Batabano.”

Senior banker sentenced for fraud

Dale Antonio Allen was sentenced on Tuesday to 20 months’ imprisonment after pleading guilty to charges of false accounting, money laundering and obtaining property by deception. Allen was assistant manager within the credit risk department of CNB at the time the offenses occurred.

Armed men sought in attempted robbery

Two armed men tried to rob a money transfer vehicle Saturday night outside Cayman National Bank on Elgin Avenue, according to police. Shortly after 7:30 p.m. armed officers responded to the bank following the failed robbery attempt.

Cayman National Bank robbers lose appeals

The Cayman Islands Court of Appeal on Friday upheld the sentences of two men involved in the largest bank robbery in the history of the Cayman Islands. The three-judge panel also upheld the conviction of one of the men.

Brac Cayman National building named after former chairman

The Cayman National Bank branch on Cayman Brac was recently dedicated to former bank chairman Benson Ebanks.

Monster Dash 5K set for Oct. 22

Get a jump on Halloween by taking part in the Save Our Youth Foundation Monster Dash 5K Walk/Run fundraiser on Saturday, Oct. 22, at Camana Bay. All participants are encouraged to wear costumes for the family friendly event; the race is open to all, with strollers and kids welcome.

Cayman National announces interim dividend

Cayman National Corp. has announced the payment of an Interim Dividend of 5 cents per share. This dividend will be paid on Wednesday, Oct. 12, to shareholders of record as at Oct. 11, 2016. Stuart Dack, president and CEO, said, “The last year or two have been challenging, but Cayman National is now strongly profitable again.”

Canadian tax probe gets CNB accounts

Court orders issued last week sought to obtain seven years’ worth of Canadian account-holders’ Cayman Islands correspondent bank records in what Canadian authorities said was an ongoing investigation into tax evasion.

Kids’ tennis gets support

Tennis coaches are making weekly visits to schools in Grand Cayman’s outer districts to offering lessons to some of the island’s youngest players.

Credit card fraudsters attempted almost 400 ATM withdrawals

Five people who conspired to defraud local banks attempted to use cloned credit cards almost 400 times within a four-day period, Crown counsel Toyin Salako said in Grand Court on Tuesday.

Kiteboarders raise thousands for Cancer Society

A small team of ambitious and charitable kiteboarders who plan to ride the wind from Little Cayman to Grand Cayman as part of the first Maples Kiting for Cancer event have raised $100,000 for the Cayman Islands Cancer Society.

Forum: Region needs cash-transfer rules

A forum with government and private sector representatives from around the region last week called for a Caribbean-wide effort to deal with U.S. banks “de-risking” and pulling out of doing business with cash transfer companies and other financial institutions around the region.

Police informant fighting deportation

Marlon Dillon, the bank robber turned police informant, has launched a new legal battle to prevent him from being sent home to Jamaica. Dillon is...

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