By 2004, it had overtaken Scotiabank, the third largest Bank in Trinidad and Tobago.

After 10 years, the Bank had doubled its asset base to US$1B and grown its profits by 1000 percent.

Between 19 the Bank increased its profits from $40M to $233M, dramatically reduced its non-performing loan portfolio, slashed overhead ratios, pioneered and upgraded electronic technology and gained international accolades.

In 1997 the Bank underwent a transformation program to overhaul its management procedures and culture.

In 1995 it made a loss of $11M and in 1996 it made a profit of $18M.

The Bank introduced the country’s only real-time corporate cash management system (MIDAS) and eight branches were renovated and the staff complement was reduced from 1300 to 950.

The Bank pioneered the Visa Gold International Credit Card and implemented the first phase of an information technology system which would push the Bank ahead in customer service.

Other significant initiatives in its early years were: However, by its first birthday, the Bank was able to declare a consolidated profit and had reduced the loan portfolio in arrears to 33% by August 1994 (it had been 62% in September 1993). Given the history of the previous three entities, not many people gave First Citizens Bank much hope of survival and felt that it was only a matter of time before the institution folded. In 1993 the Government of Trinidad and Tobago merged all three banks into one, and First Citizens Bank was born. In a strange twist of fate, all three institutions ran into severe financial difficulties to varying degrees between 19 resulting in a Government takeover of all three entities.

Workers Bank, which commenced operations in 1971, had its roots in the trade union and credit union movements, and helped develop the home mortgage market.

TCB, founded in 1914 as a co-operative savings and loans institution, pioneered the provision of consumer finance and home mortgages for the then working-class of Port of Spain.

It eventually grew its branch network to cover the entire country. National Commercial Bank was the first truly locally owned, controlled and operated commercial bank in Trinidad and Tobago. Bank of Montreal sold its branch and operations in Trinidad and Tobago, which it had acquired from Bank of London and Montreal, to the government, which used the acquisition as the foundation for National Commercial Bank.

NCB formally commenced business in 1970.

On Septemthe Central Bank of Trinidad and Tobago merged three government-owned entities, National Commercial Bank (NCB), the Trinidad Co-operative Bank (TCB), and the Workers' Bank to form First Citizens Bank. Let us help you get started! Send us a message anytime or stop by one of our Whitewater, East Troy or Palmyra branch locations.History The Birth of First Citizens Bank

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