The Isle of Man Bank is a bank in the British

Crown dependency The Crown Dependencies are three offshore island territories in the British Islands that are self-governing possessions of the British Crown: the Bailiwick of Guernsey and the Bailiwick of Jersey, both located in the English Channel and toge ...

of the

Isle of Man The Isle of Man ( , also ), or Mann ( ), is a self-governing British Crown Dependency in the Irish Sea, between Great Britain and Ireland. As head of state, Charles III holds the title Lord of Mann and is represented by a Lieutenant Govern ...

, providing retail, private and business banking services to the local population. Incorporated in 1865, it has operated as a trading name of RBS International 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, 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 retail bank which operated in England and Wales. It was created in 1833 as National Provincial Bank of England, and expanded largely by taking over a number of other banks. Following the transformative acquisitio ...

in 1961 and became a subsidiary of

National Westminster Bank National Westminster Bank, trading 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, it becam ...

upon the merger of National Provincial with

Westminster Bank Westminster Bank was a British retail bank which operated in England and Wales. It was created in 1834 as the London and Westminster Bank. It merged with the London and County Bank in 1909, after which it renamed itself the London County and W ...

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.

Services

As of 2023 the bank has four branches on the island: Douglas Athol Street, Douglas Regent Street, Ramsey, and Port Erin. There is also a mobile branch named ''Penny'', which visits places on the island that do not have a branch, including Kirk Michael, Laxey, Onchan, Ballaugh, Cooil Business Park (

Braddan Braddan () is one of the seventeen parishes of the Isle of Man. It is located on the east of the island (part of the traditional ''South Side'' division) in the sheading of Middle. Administratively, a small part of the historic parish of Bra ...

) and

Ballasalla Ballasalla () is a village in the parish of Malew in the south-east of the Isle of Man. The village is situated close to the Isle of Man Airport and north-east of the town of Castletown, Isle of Man, Castletown. History Ballasalla grew up ar ...

. The Isle of Man Bank handles the issuing and management of Manx banknotes on behalf of the

Isle of Man Government The Isle of Man Government () is the government of the Isle of Man. The formal head of the Isle of Man Government is the Lieutenant Governor of the Isle of Man, Lieutenant Governor, the personal representative of the Lord of Mann (currently Char ...

. The Isle of Man Bank has closed several branches since 2000. These include the branches at Kirk Michael (closed 2012), Laxey sub-branch (closed 2013),

, Onchan and Prospect Terrace in Douglas (closed 2015), and Castletown and Peel (closed 2021). 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