Breaking news: Republic Bank to purchase ownership of Scotiabank in the Eastern Caribbean

Republic Bank to purchase ownership of Scotiabank in the Eastern Caribbean, pending regulatory approvals.

The staff at Scotiabank in St George’s and Grand Anse learned about this new development in a meeting this morning. This has been confirmed by the Eastern Caribbean Central Bank (ECCB).

A sign on the bank’s door informed customers that the bank will open today at 9 am.

A response is being sought from the Minister of Finance, who is a member of the monetary council.

This is a developing story.

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