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Bermuda Commercial Bank (BCB) yesterday reported its yearly profit more than doubled to $7.45 million from $2.60 million a year ago. The bank’s total assets increased by $40.03 million to $572.01 million from $531.98 million in 2011. BCB, which bec...

Bermuda Commercial Bank has announced that a merger agreement between the bank, Bermuda National Limited and BNL I Limited, has been unanimously approved and adopted. At BCB’s Special General Meeting held yesterday, shareholders interested in 5,931,9...

Bermuda Commercial Bank yesterday announced plans to set up a new investment holding company called Bermuda National Ltd (BNL). The restructuring appeared to be aimed at strengthening BCB’s balance sheet and allowing greater flexibility for making ac...

Bermuda Commercial Bank has announced the award of three scholarships to exemplary students in the community. This year, one of the scholarships was open for all ages to apply as the bank said it felt that individuals of all ages may wish to pursue ...

Bermuda Commercial Bank’s credit rating has been downgraded by Moody’s because of increasing risk associated with the bank’s expanding investment portfolio. In downgrading BCB’s long-term deposit rating to Ba2 from Baa3, Moody’s noted the bank’s inve...

Bermuda Commercial Bank yesterday reported its half-year profit more than doubled to $3.23 million as fixed customer deposits rose 45 percent. Total customer deposit balances decreased by 1.9 percent, however, to $434.84 million compared with Septemb...

Bermuda Commercial Bank has taken a major stake in KeyTech Ltd., owner of BTC and Logic, citing the attractive dividend paid by the company. In a filing to the Bermuda Stock Exchange, KeyTech Ltd announced that, as a result of a February 6 share tran...

Bermuda Commercial Bank Limited announced the appointment of Jonathan C. Clipper as its Chief Executive Officer. Mr Clipper joined the Board of the Bank as a non-executive director in August 2011 and succeeds Michael Collier, who will remain as Chair...

Bermuda Commercial Bank’s (BCB) rating outlook has been revised to negative from stable by Fitch Ratings over concerns about risks in its investment portfolio and exposure to European markets. Fitch also affirmed the long and short-term IDRs of the b...

Bermuda Commercial Bank Ltd recorded substantial growth in earnings, interest income and customer deposits in its 2011 fiscal year. The bank’s total profit for the 12 months through September 30, 2011, was $12.6 million, BCB announced yesterday. Eve...

Bermuda Commercial Bank has completed its amalgamation with Paragon Trust Ltd and Charter Corporate Services Ltd, the bank announced yesterday. The combined entities will operate as subsidiaries of BCB under the names of BCB Paragon Trust Ltd and BCB...