kentucky see republic bank & trust company . republic bank limited type public company traded as ttse rbl industry financial services founded 1837 as colonial bank trinidad and tobago headquarters port of spain trinidad and tobago key people david j. dulal whiteway managing director nigel m. baptiste executive director products financial services total assets 57.5 billion ttd 2013 website http www.republictt.com republic bank is a bank and financial service provider in trinidad and tobago and one of the largest in the eastern caribbean citation needed . it has branches in grenada guyana barbados and offshore banking operations incorporated in the cayman islands . formerly a division of barclays bank in trinidad and tobago contents 1 history 1.1 as a subsidiary of uk banks 1.2 after barclays 2 subsidiaries 3 largest competitors 4 notes 5 references 6 external links history edit as a subsidiary of uk banks edit flag of republic bank the forerunner of republic bank colonial bank was established on 15 may 1837 by royal charter . 1 john irving mp was the first chairman . 2 colonial bank was reported to have a virtual monopoly on banking in nineteenth century trinidad . 3 in 1909 the colonial bank established a branch on high street san fernando . 3 1925 the colonial bank merged with the anglo egyptian bank est. 1864 and the national bank of south africa est. 1891 to form barclays bank dominion colonial and overseas barclays bank dco . barclays had inherited the ownership of the colonial bank when it acquired the london provincial and south western bank in 1918 . on may 6 1926 the colonial bank changed its name to barclays bank dco . 3 1939 as a result of the labor disturbances and the announcement that britain was at war with germany the bank experienced a run . 1963 barclays bank acquired bank of trinidad established in 1959 . on 1 april 1972 barclays dco became barclays bank international limited . 1 the local operation changed its name to barclays bank trinidad and tobago . after barclays edit in the 1970s with pressure for local control of the banking industry barclays bank began a process of divestment of shares . 4 in 1977 barclays bank trinidad and tobago sold the majority of its shares locally . 4 this prompted another name change to republic bank limited on 1 april 1981 . 1 1989 barclays sold its 41 % holding to colonial life insurance co. trinidad . colonial life built up its holding to 46.7 % and later reduced it to 34 % . citation needed 1992 rb and grupo acedo mendoza established acedo mendoza fincor c.a. a confirming house with offices in venezuela and colombia as well as trinidad . rb established republic bank trinidad and tobago cayman limited a wholly owned offshore bank . rb purchased 51 % of the national commercial bank of grenada limited 4 a commercial banking operation with eight branches on the islands of grenada carriacou and petite martinique . note 1 1994 rb purchased 23 % of bank of commerce trinidad and tobago limited . rb purchased 20 % of canadian imperial bank of commerce west indies holdings limited . this gave rb linkages with the holding company s branches in the caribbean islands of barbados st. vincent antigua and barbuda st. lucia and jamaica . the shareholding is currently 14 % . 1996 rb bought another 31.14 % of bank of commerce taking its ownership up to 51.14 % making bank of commerce a subsidiary of republic bank . 1997 the purchase of approximately 10.9 million shares gave rb a total of 95.3 % of bank of commerce . rb acquired 47.5 % of shares of the national bank of industry and commerce nbic from the government of guyana . note 2 1999 rb established republic bank barbados as an offshore bank to complement the operations of its cayman islands subsidiary . 2003 rb acquired a 57 % interest in the barbados national bank bnb in barbados . note 3 rb acquired 93 % of the failed banco mercantil est. 1984 the sixth largest bank in the dominican republic . it has since rebranded banco mercantil as republic bank d.r. s.a. this was the first of republic bank s overseas subsidiaries to fully adopt the republic bank corporate identity . 2006 rb rebranded nbic as republic bank guyana . 4 2007 republic bank dr sold its operations . 4 the acquirer was banco bhd of the dominican republic . in 2009 cl financial the parent of clico had financial problems and its shares came under the control of the trinidad government . in 2012 republic bank which had accumulated a 65 % stake in barbados national bank renamed it republic bank barbados . also in 2012 rb acquired 8.79 % of the shares of hfc bank ghana . 4 in 2013 rb acquired the remaining shares in republic bank barbados . republic bank delisted the shares of bnb from the barbados stock exchange at end 2013 . 4 also in 2013 rb increased its shareholding in hfc bank ghana to 40 % making it the largest single shareholder . subsidiaries edit in addition to its main banking operations in trinidad and tobago republic bank has the following subsidiaries 5 republic finance and merchant bank limited fincor republic bank grenada limited republic bank guyana limited republic bank trinidad & tobago cayman limited london street project company limited republic bank barbados infolink services limited securicor trinidad limited now group 4 securicor trinidad limited after the worldwide merger of the operations of securicor and group 4 falck in july 2004 the home mortgage bank republic securities limited largest competitors edit citibank firstcaribbean international bank national commercial bank of jamaica scotiabank rbtt royal bank of canada notes edit the government of grenada had founded the bank in 1979 . in 1980 the bank acquired the shares of the canadian imperial bank of commerce grenada and also purchased the assets of royal bank of canada grenville . national bank of industry and commerce took over the operations of royal bank of canada which left guyana in 1984 when the government acquired 51 % of the capital . in 1914 royal bank of canada had acquired the activities of the british guiana bank which had been incorporated in 1836 and had begun operations in 1837 . in 1978 the government of barbados created barbados national bank through an act of parliament that amalgamated three institutions that the government already owned barbados savings bank est. 1852 sugar industry agricultural bank est. 1907 and national housing corporation public officers housing loan fund ; est. 1958 . the three functional divisions of the bank provided services for commercial banking agricultural credit and mortgage financing . within days of the commencement of operations barbados national bank the banking business of bank of america s branch in bridgetown . references edit a b c republic bank limited financial statement to the trinidad and tobago stock exchange december 2003 colonel j.b.irving the book of the irvings 1908 a b c anthony michael 2001 . historical dictionary of trinidad and tobago . scarecrow press inc. lanham md. and london . isbn 0 8108 3173 2 . a b c d e f g republic bank history subsidiaries republic bank website . external links edit republic bank website . colonial bank correspondence 1837 1885 university of the west indies library . v t e ttse composite companies of trinidad and tobago agostini s alstons angostura holdings ansa mcal ansa merchant bank barbados shipping & trading company bcb holdings berger paints trinidad capital & credit financial group capital & credit merchant bank firstcaribbean international bank flavorite food gracekennedy guardian media limited jamaica money market brokers l.j. williams national commercial bank jamaica national enterprises national flour mills neal & massy holdings one caribbean media point lisas industrial port development corporation prestige holdings readymix west indies republic bank sagicor financial scotia dbg investments scotiabank trinidad and tobago supreme ventures west indian tobacco trinidad cement trinidad publishing company unilever caribbean retrieved from https en.wikipedia.org w index.php title republic bank & oldid 728058284 categories banks of trinidad and tobagobanks established in 1981hidden categories all articles with unsourced statementsarticles with unsourced statements from october 2010articles with unsourced statements from december 2011 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 2 july 2016 at 21 49 . text is available under the creative commons attribution sharealike 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