A temporary Republic Bank banner hangs at the institution’s location in Cole Bay until a more permanent sign is erected.

 

PHILIPSBURG--Republic Bank Limited will begin its operations via its two-branch network in St. Maarten today, Friday, following the acquisition of the operations of Bank of Nova Scotia by Republic Financial Holdings Ltd.

The transaction has received all required regulatory approvals from the Central Bank of Curaçao and St. Maarten (CBCS) and the Central Bank of Trinidad and Tobago, the bank said in a press release. “We are tremendously excited to open our doors in St. Maarten,” said Republic Bank’s recently appointed Managing Director – East Caribbean (EC) Michelle Palmer-Keizer. “Republic has a tradition of excellence and we look forward to continuing to build on this legacy by partnering with the dynamic banking team in St. Maarten to deliver excellence in customer satisfaction, employee engagement and social responsibility. We are driven by a philosophy of expansion through organic growth and by ensuring strong local participation in all of our investments, for the long term.” Palmer-Keizer has been a senior member of the Republic Group for decades and the former General Manager, Group Marketing and Communications, at Republic Bank Limited. She is a banking professional with extensive experience in credit card business, product and research development, financial product management, operational management, strategic management and marketing and communications. She is a member of the Association of Business Executives, which awarded her the World Prize for Quantitative Methods. She holds an Advanced Diploma in Marketing Management from the Association of Business Executives and a Diploma in Management Studies from Arthur Lok Jack Global School of Business in Trinidad. Palmer-Keizer says alongside an executive team, which includes General Manager of Corporate Services I. Fidela Haynes and General Manager of Business and Retail Banking Shawn Moses, and a staff of more than 50 employees in St. Maarten, Republic Bank will draw on its proven philosophy of maintaining strong local participation in all aspects of the bank’s operations. The bank, which has a strong international correspondent banking network, will make available to the St. Maarten market a wide array of products and services, as well as access to its wealth of banking expertise, including commercial and retail, as well as merchant and corporate banking. The assets of the Republic Group stood at US $10,548 million as of September 30, 2018. More than 182 years old, with a diverse network of 118 branches in 17 territories and more than 5,900 employees, Republic Bank has launched several key initiatives, including being the first bank in the Caribbean to offer credit cards with chip and PIN technology.