Capital G opens new branch at FBG location
Capital G Bank Ltd has announced the opening of its new bank branch in Hamilton.The First Bermuda Group Ltd (FBG) location in the Maxwell Roberts Building in Church Street was converted into a Capital G Bank branch earlier this month, providing all Capital G clients with the option of access to teller transactions and personal financial services at two central locations.The Capital G Bank branch in Reid Street will continue to offer the full suite of Capital G Bank retail banking services including teller transactions and savings and deposit services, mortgages and lending, business banking, private banking and integrated wealth management with investments and trust.As a result of the amalgamation and the transfer of assets from FBG, Capital G will become Bermuda’s largest privately-held full-service bank and deposit-taking company with combined deposits in excess of $1.24 billion, a loan portfolio of $970 million and a team of more than 200 employees.Ian Truran, president and CEO of Capital G Bank and Capital G Trust Ltd, said: “We are proud to mark the opening of our second Capital G branch. Coinciding with our 10th Year Anniversary, this is a clear indication of the growth and development of Capital G as a full-service bank for Bermuda.”Former FBG clients will have access to the full suite of Capital G’s banking and wealth management products and services including trust and estate management, and expanded card services that include debit and credit cards. In addition, they will gain access to business banking products and services, e-banking, Bermuda Stock Exchange services, a centralised lending centre, a centralised call centre, and access to teller services and financial services at both branch locations with a dedicated teller line at the Reid Street branch.They will also be able to continue banking with their same relationship managers and tellers, using the same account numbers and mortgage and loan payment schedule, subject to the terms and conditions of their individual loan agreement.Capital G said its clients will have access to enhanced retail brokerage services that the bank is now able to offer as result of the acquisition, in addition to teller and financial Services at the two branches.Mr Truran continued: “Our team has done a tremendous job throughout the integration process and I commend them for the technical works that have taken place to prepare for this next step in our continued journey to be Bermuda’s best full-service bank.”