Commonwealth Bank Limited (BISX:CBL) today announced plans to reconstruct its Marsh Harbour, Abaco Branch. In the wake of what has been called the most catastrophic hurricane in the history of The Bahamas, Commonwealth Bank is once again taking the lead to assist Abaconians as they begin to recover from this deadly storm by restoring banking services to Abaco island. Reconstruction of the Abaco Branch, which sustained considerable flood damage during Hurricane Dorian, is anticipated to commence immediately.
The signing of a $3.9 million contract with Carl G. Treco Contractors & Developers Ltd. will transform the 9,000 square-foot facility into a new state-of-the-art branch which is expected to be completed in the fall of 2020. The newly completed branch will feature the Bank’s signature design and amenities.
The modern environmentally friendly branch is expected to create dozens of on-site jobs and related financially viable opportunities for the local community during the twelve-month construction period. Mr. Matthew Sawyer, Abaco Branch Manager, along with a staff complement of 10, will continue to deliver service excellence at the temporary sub-branch located in Maxwell’s Supermarket during the construction phase of the new facility; while seeking to minimize any inconvenience to our valued clients.
“Since 1987, Commonwealth Bank has been privileged to provide financial services to the residents and businesses in Marsh Harbour, the surrounding communities and the people of Abaco. Notwithstanding the damage to our Marsh Harbour Branch, we remain resolute in our commitment to deliver the best in local banking services available to our loyal customers; and, at the same time, we are also assessing additional ways to help rebuild and restore lives and communities in the wake of this historic and tragic storm. Our thoughts and prayers go out to communities throughout the island who are still hurting from the devastation of Hurricane Dorian.”, said William B. Sands Jr., DM, Executive Chairman, Commonwealth Bank Ltd.
Commonwealth Bank Ltd. is one of the largest and most successful Bahamian banks in The Bahamas, with $1.72 billion in assets. The Bank continues to lead the industry in service and convenience with twelve branches in New Providence, Abaco, Spanish Wells and Grand Bahama to provide the best possible access to an extensive line of products and services, with full service Saturday Banking at its Golden Gates, Cable Beach, Prince Charles Drive, Wulff Road, CB Plaza, Oakes Field and Mall Drive, Freeport locations. Commonwealth Bank Ltd. will celebrate sixty years of banking excellence on April 20, 2020.