The Isle of Man Bank is a bank in the British Crown dependency of the

Isle of Man ) , anthem = "O Land of Our Birth" , image = Isle of Man by Sentinel-2.jpg , image_map = Europe-Isle_of_Man.svg , mapsize = , map_alt = Location of the Isle of Man in Europe , map_caption = Location of the Isle of Man (green) in Europe ...

, providing retail, private and business banking services to the local population. Incorporated in 1865, it has operated as a trading name of

RBS International The Royal Bank of Scotland International, trading under the NatWest International (retail), RBS International (institutional), Coutts Crown Dependencies (wealth management) and Isle of Man Bank brands, is the offshore banking arm of NatWest Gr ...

since 2019. It is licensed by the Isle of Man Financial Services Authority in respect of deposit taking and investment business and registered as a general insurance intermediary.

History

The earliest Manx bank began business in 1802 at Bridge House, Castletown. Formed by George Quayle, Mark Quayle, John Taubman and James Kelly, it was also known as the Isle of Man Bank. The company carried on trading until 1818. Founded by Samuel Harris, Henry Noble, William Moore and

William Callister William Callister MHK (1808–1872) was a timber importer from Ramsey who became a Member of the House of Keys. He was an issuer of a halfpenny trader's currency token in 1831. In October 1865, Callister, together with Samuel Harris, William ...

, the Isle of Man Banking Co. Ltd. was established at Athol Street, Douglas on 26 October 1865. It was the first limited liability company enrolled on the register following the passage of the Companies Act 1865. The bank was acquired by

National Provincial Bank National Provincial Bank was a British retail bank which operated in England and Wales from 1833 until 1970 when it was merged into the National Westminster Bank. It continued to exist as a dormant non-trading company until 2016 when it was vo ...

in 1961 and became a subsidiary of

National Westminster Bank National Westminster Bank, commonly known as NatWest, is a major retail and commercial bank in the United Kingdom based in London, England. It was established in 1968 by the merger of National Provincial Bank and Westminster Bank. In 2000, i ...

upon the merger of National Provincial with

Westminster Bank Westminster Bank was a British retail bank which operated in England and Wales from 1834 until its merger into the National Westminster Bank in 1970; it continued to exist as a dormant registered non-trading company until 4 July 2017 when it ...

in 1968, joining the Royal Bank of Scotland Group in 2000, when NatWest was acquired by the smaller Scottish bank. RBS Group was renamed

NatWest Group NatWest Group plc is a British banking and insurance holding company, based in Edinburgh, Scotland. The group operates a wide variety of banking brands offering personal and business banking, private banking, investment banking, insurance and ...

in 2020. On 21 May 2019, the High Court of Justice of the Isle of Man granted approval to transfer the business and undertakings of Isle of Man Bank Limited to the Isle of Man branch of The Royal Bank of Scotland International Limited (trading as Isle of Man Bank); these changes came into effect on 28 May 2019.Notification of changes to Isle of Man Bank Limited
Isle of Man Bank, February 2019

Services

The bank has four branches on the island:

Douglas Douglas may refer to: People * Douglas (given name) * Douglas (surname) Animals * Douglas (parrot), macaw that starred as the parrot ''Rosalinda'' in Pippi Longstocking *Douglas the camel, a camel in the Confederate Army in the American Civi ...

Athol Street,

Regent Street,

Ramsey Ramsey may refer to: Geography British Isles * Ramsey, Cambridgeshire, a small market town in England * Ramsey, Essex, a village near Harwich, England ** Ramsey and Parkeston, a civil parish formerly called just "Ramsey" * Ramsey, Isle of Man, t ...

, and

Port Erin Port Erin ( gv, Purt Çhiarn, meaning ''lord's port'') is a seaside village in the south-west of the Isle of Man, in the historic parish of Rushen. It was previously a seaside resort before the decline of the tourist trade. Administratively it ...

. There is also a mobile branch named ''Penny'', which visits places on the island that do not have a branch, including

Kirk Michael Michael ( gv, Maayl) is one of the six sheadings of the Isle of Man. It is located on the west of the island (part of the traditional ''North Side'' division) and consists of the three historic parishes of Ballaugh, Jurby and Michael. H ...

Laxey Laxey ( gv, Laksaa) is a village on the east coast of the Isle of Man. Its name derives from the Old Norse ''Laxa'' meaning 'Salmon River'. Its key distinguishing features are its three working vintage railways and the largest working waterwhe ...

, Onchan,

Ballaugh Ballaugh ( ; , ) is a small village on the Isle of Man in the parish of the same name, in the sheading of Michael. It is the only village in the parish. The parish adjoins Jurby to the north, Lezayre to the east, Michael to the south and sout ...

, Cooil Business Park ( Braddan) and Ballasalla. Isle of Man Bank is a member of the Isle of Man Depositors’ Compensation Scheme as set out in the Depositors’ Compensation Scheme Regulations 2010.

References

External links

*
NatWest InternationalThe Royal Bank of Scotland International
{{Royal Bank of Scotland Group Banks established in 1865 Banks of the Isle of Man NatWest Group

History

Services

See also

References

External links