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Planned changes to

Isle of Man Bank

We'd like to make you aware of our intention to change the way that the
Isle of Man Bank is structured.

Your accounts will stay in the Isle of Man and there are no changes to your account number or sort code.
You’ll still deal with the same people in the same way as you do today and there are no negative impacts for our colleagues or the Isle of Man Bank brand as a result of our plans.

What's happening?

We intend to move the Isle of Man Bank business from its current legal entity, Isle of Man Bank Limited, to the Royal Bank of Scotland International Limited (“RBS International”). Both entities are already part of the same wider RBS International Holdings group of companies.

We recognise the importance of Isle of Man Bank to our customers and community as well as our colleagues across the group. That’s why the business will continue to trade as Isle of Man Bank and we’ll continue to use and develop the Isle of Man Bank brand.

Making these changes allows us to simplify our bank so we can keep investing in the Isle of Man Bank business, brand, products, services and customers following industry wide banking reforms.

Our plans are subject to approval from the Isle of Man Financial Services Authority, the High Court of Justice of the Isle of Man and various other bodies.

What happens next?

We're in the early stages of this journey but will keep you informed at each stage of the process by either writing to you directly, by updating our website iombank.com/transfer or confirming our progress in the local press.

We'll contact you again when all relevant bodies have confirmed we can proceed with the process of seeking approval for this change. At that time, we’ll provide you with further information about the proposed transfer, when it will happen and what you need to do if you have any concerns.

If you have any questions in the meantime, please get in touch with us in branch or contact your Relationship Manager.