Turks and Caicos Banking Company Ltd. (TCBC) celebrates its 50th anniversary since being incorporated in the Turks & Caicos Islands. The bank obtained its banking license on May 1st, 1974, and opened its doors to the public in 1980 under the leadership of Anton Faessler, at what was known as Harbor House in Grand Turk, the islands’ first commercial building.

As the oldest banking institution in the TCI, TCBC was founded around a time where the vision and ambitions of TCI were grand. The country was establishing a new constitution along with its first formal government and the economy was gradually transitioning away from its historic industries of salt and fishing into a new era where tourism and financial services would be the primary drivers of the modern economy.

Originally established as a traditional private bank with an emphasis on exceptional and personalised banking, TCBC has remained steadfast as a pillar of banking within the country over the decades, growing alongside the TCI. Its mission statement has and remains the same “to offer efficient, reliable, banking services at an international standard that maximizes outcomes for TCBC’s clients, staff and the wider Turks and Caicos society”.

Recognising the need to offer its bespoke service to the wider public, the bank opened a second location in Providenciales in 2002, occupying an office in the Caribbean Place. In 2011, the bank moved to its current location in the Regent Village in Grace Bay and the Grand Turk branch was closed. Over the recent years, TCBC has continued to evolve and expand its range of banking services and offerings. The bank will soon introduce debit and credit cards to further enhance the overall banking experience offered to its clients without compromising its commitment to high quality customer service.

David J. Bee, who has been with TCBC since 2008 and the bank’s CEO for the last 9 years, sees this milestone as “an indication of stability and the banks’ ability to adapt to various economic conditions”.

TCBC will be hosting hosted a clients’ appreciation day on the 1st of May 2024 to commemorate its 50th anniversary at its Grace Bay office.