Bank of Montserrat

Twenty years ago, the dream of a group of Montserratians to open Montserrat’s first indigenous commercial bank became a reality. On the 3rd May 1988, following the incorporation as a limited liability company, the Bank of Montserrat Limited was born.

With a population of approximately 11,000 people, there were three (3) other commercial banks operating on the island at the time but Montserratians were proud to have their own bank and responded positively and enthusiastically, placing their hard earned money in the bank and getting the institution off to an excellent start.

Mr. Hensey Fenton(one of the founding members) was the first Manager when the bank opened in the Wade Inn building in Plymouth with under a dozen staff members. In 1990, the bank moved to more spacious accommodation at the corner of Chapel and Parliament Streets.

Today, the Bank of Montserrat is the leading financial institution on the island with a market share of 80% of the commercial banking market.  The Bank is now located in Brades, operating  from its own premises.