The 58th ANNUAL GENERAL MEETING of Shareholders of the ANTIGUA COMMERCIAL BANK was held at the City View Hotel situated at Newgate Street, St. John's, Antigua on Thursday, March 13, 2014.

The ANTIGUA COMMERCIAL BANK GROUP maintained its strong financial position with total assets in excess of $0.96 billion as at September 30, 2013 and realized a net profit for that year of $7.6 million.

ACB MORTGAGE AND TRUST COMPANY LIMITED, the Bank’s wholly- owned subsidiary, continued its good performance ending fiscal 2013 with assets in excess of $271 million and a net profit of $5.3 million.

Shareholders declared a cash dividend of $0.15 for each unit of share for the financial year ended September 30, 2013 to be paid to shareholders on record date of February 17, 2014.

With respect to the Board of Directors, Mr. Michael Roberts, Mr. Philip Harris and Ms. Mavis George were re-elected to the Board.

The present members of the Board of Directors of Antigua Commercial Bank Ltd. are:

  • C. Davidson Charles - Chairman
  • Gordon Derrick - Vice Chairman
  • Peter Blanchard - Vice Chairman
  • Michael Roberts - Vice Chairman
  • Philip Harris
  • Craig J. Walter
  • Alincia Williams- Grant
  • Mavis George
  • Lorraine Headley
  • Reginald Peterson

Audit Firm, Grant Thornton, was re-appointed as the Group’s External Auditors for the year ending September 30, 2014.

The ACB Group continues to stand firm by its commitment to offer convenient, secure and reliable banking solutions. Times have changed, but the Group’s dedication to providing its stakeholders with exemplary service and innovative products remain unwavering.