BVI News

CIBC branch closes on Virgin Gorda

CIBC FirstCaribbean Road Town Branch

CIBC FirstCaribbean is permanently closing its Virgin Gorda branch because the facility is no longer fit for use.

The bank said the closure will take effect immediately.

The ABM located at Leverick Bay will also be decommissioned, due to extensive damage from the passage of hurricanes Irma and Maria, the bank added.

“This is not a decision that we have come to lightly and we sincerely regret that this action has become necessary, but it is made with due regard to the safety of our staff and clients,” said CIBC Country Manager, Stephane Burke.

Burke said clients can still bank at CIBC’s Road Town branch on Tortola. She also said customers will have continued use of the bank’s online services as well as its ABM network on Tortola.

The bank currently has five functioning ABMs. They are located at Port Purcell/One Mart, Pier Park, and at the bank’s Road Town branch.

The ABMs at East End and Moorings on Tortola have been temporarily decommissioned. They will be put back into service as soon as the repairs to the locations where they are housed are completed, the bank said in a media release today.

“We know some clients may come to the conclusion that they wish to conduct their banking elsewhere, and while we would be sad to lose any customer, we will support them in their decision,” Burke noted.

“We sincerely regret any inconvenience these new arrangements will cause to our clients in the BVI. We were left with no option following the massive amount of damage the two powerful hurricanes left in their wake,” she added.

Copyright 2021 BVI News, Media Expressions Limited. All Rights Reserved. This material may not be published, broadcast, rewritten or distributed.

Leave a Comment