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John Deuss, Tineke Deuss And Timothy Ulrich Resign From The Bermuda Commercial Bank Board Of Directors
Hamilton, Bermuda, October 5, 2006 - In an announcement made to the Bermuda Stock Exchange (BSX) as of October 4, 2006 Messrs. John Deuss, Timothy Ulrich and Ms. Tineke Deuss have resigned from their positions as Chairman, President and Director respectively from the Bermuda Commercial Bank (BCB.BH) Board of Directors. Dr. Clarence Terceira and Mr. John Sainsbury will continue their responsibilities as Acting Chairman and Acting President; the three resigning Directors are Directors of FCIB, which is under investigation by the Dutch Authorities.
The day-to-day operations of BCB are not expected to be affected by the resignations. Dominique Smith (Senior vice President) continues to oversee these operations to ensure continued excellent service to our customers.