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.