1st National Bank of St Lucia

Bank in Saint Lucia November 2019 1st National Bank St. Lucia Limited 1st_National_Bank_St._Lucia_Limited_logo.png St. Lucia Co-operative Bank Public ECSE Financial services 1938 1 (as the St. Lucia Co-operative Bank) Allen Lewis, John Pilgrim, J. B. D. Osborne, Joseph Deveaux, Clive Beaubrun, J. Q. Charles, George Palmer 21 Bridge Street Castries Saint Lucia Saint LuciaSaint Vincent and the Grenadines Nigel Fulgence (Chairman) Retail and commercial banking https://1stnationalbankonline.com 1st National Bank St. Lucia Limited is a commercial bank in Saint Lucia, with its head office at 21 Bridge Street, Castries. It is the oldest indigenous bank in the country, having been founded in 1938 as the St. Lucia Co-operative Bank, and is popularly known as the "Penny Bank". Its shares are publicly traded on the Eastern Caribbean Securities Exchange (ECSE). History The bank was incorporated in 1937 and opened for business in January 1938 from a back store on Mongiraud Street, Castries.Company Profile: 1st National Bank St Lucia Ltd https://www.ecsrc.com/cauth/users/comp_view/104 7 June 2026 Eastern Caribbean Securities Regulatory CommissionOctober 2021 Saluting 1st National Bank and its Founders https://thevoiceslu.com/2021/10/saluting-1st-national-bank-and-its-founders/ 7 June 2026 The Voice Saint Lucia It was established by seven Saint Lucian founders, Allen Lewis, John Pilgrim, J. B. D. Osborne, Joseph Deveaux, Clive Beaubrun, J. Q. Charles and George Palmer, with a share capital of EC$50,000 divided into one-dollar shares that were made available to ordinary Saint Lucians, a feature that gave rise to its nickname, the "Penny Bank". After a major fire destroyed much of Castries in 1948, the bank provided mortgage finance to help fund the town's rebuilding. The St. Lucia Co-operative Bank received formal certification of a change of name on 22 June 2004, after which it traded as 1st National Bank St. Lucia Limited.Our History https://1stnationalbankonline.com/history/ 7 June 2026 1st National Bank St. Lucia In December 2019, a consortium of five Eastern Caribbean indigenous banks, 1st National Bank St. Lucia, Antigua Commercial Bank, the National Bank of Dominica, the Bank of Montserrat and the Bank of Nevis, agreed to purchase the Eastern Caribbean banking operations of the Royal Bank of Canada (RBC).December 2019 1st National Buys Out R.B.C. https://www.thestluciamirror.com/post/ist-national-buys-out-r-b-c 7 June 2026 The St. Lucia Mirror On 1 April 2021, the RBC Royal Bank operations in Saint Lucia and Saint Vincent and the Grenadines were absorbed into 1st National Bank St. Lucia Limited, extending the bank's presence into Saint Vincent and the Grenadines.April 2021 1st National Bank officially acquires RBC's operations in Saint Lucia https://stluciastar.com/1st-national-bank-officially-acquires-rbcs-operations-in-saint-lucia/ 7 June 2026 The Star Saint LuciaApril 2021 1st National Bank Acquires RBC's Local Operations https://thevoiceslu.com/2021/04/1st-national-bank-acquires-rbcs-local-operations/ 7 June 2026 The Voice Saint Lucia Operations Before the RBC acquisition, the bank served customers from six branches and a bureau de change, all located in Saint Lucia.29 May 2020 1st National Bank St. Lucia Limited: Audited Financial Statements as at 31 December 2019 https://www.ecsrc.com/img/Existing/AuditedFinancialReport/1638463658_1st%20National%20SLU%20-%20Audited%20Financial%20Statements%20as%20at%2031-Dec-2019.pdf 7 June 2026 Eastern Caribbean Securities Regulatory Commission PDF Following the 2021 acquisition it also operates in Saint Vincent and the Grenadines. The bank has 7,000,000 issued ordinary shares; its substantial shareholders include Donald Monplaisir Holdings (14.41%) and the National Development Corporation (5.29%). It employs more than 100 staff.Financial Reports https://1stnationalbankonline.com/financial-reports/ 7 June 2026 1st National Bank St. Lucia Community involvement In June 2017, the bank launched a project to support small and medium-sized businesses and the unemployed.https://www.stlucianewsonline.com/1st-national-bank-launches-project-to-help-small-businesses-and-the-unemployed/ 1st National Bank launches project to help small businesses and the unemployed St. Lucia News Online 2018-07-24 en-us 24 July 2018 https://web.archive.org/web/20180724094000/https://www.stlucianewsonline.com/1st-national-bank-launches-project-to-help-small-businesses-and-the-unemployed/ dead The following month it introduced two scholarship programmes, the Ferrel Victor Charles Secondary School Scholarship and the Francis J. Carasco Scholarship.https://stluciastar.com/1st-national-bank-introduces-scholarships/ 1st National Bank Introduces Scholarships The St. Lucia STAR 2017-07-15 The St. Lucia STAR 2018-07-24 en-US See also Companies List of banks in the Americas References External links 1st National Bank of St Lucia website Category:Banks of Saint Lucia Category:Banks established in 1938 Category:1938 establishments in Saint Lucia