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BCB Notice To Clients And Shareholders
Hamilton, Bermuda, October 16, 2006 - In an announcement made to the Exchange BCB advised the following; "Bermuda Commercial Bank Limited (BCB) wishes to notify all Clients and Shareholders that our experienced management team and highly qualified staff remain totally committed to the Bank and providing excellent customer service to our valued clientele. Shareholders, depositors and customers of the Bank are assured that the Bank's highly liquid balance sheet is sound, and BCB continues to be very much "in business".
The Board of Directors of the Bank is currently in discussions with a number of banks who have been identified as potential purchasers.
Bermuda Commercial Bank Limited's commercial activities in Bermuda are unaffected by the investigation of First Curacao International Bank (FCIB) in Curacao. Mr. John Deuss' position with respect to the moves by the Dutch authorities for extradition has no impact on BCB and its ability to provide services. Furthermore, the FCIB clients currently under investigation by the Dutch authorities have no relationships or affiliation with BCB.
The Bermuda Monetary Authority (BMA), our regulator, acknowledges "BCB has not been implicated in any way by the events surrounding FCIB and that BCB has entirely separate line of business from FCIB. The BMA continues to have direct discussions with the board and management of BCB to ensure interests of customers are, and continue to be protected."