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Concerned Residents Clean Christiansted Town Using Their Own Tools, Money, and Some Help from the VI Fire Service

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Credit and Debit Cards of WAPA Customers Were Compromised Since August 30th, WAPA Says, Authority to Finally Start Issuing Notification Via Mail and Email

Sports Tourism in VI Gains Momentum as DC United Team is set to Play Exhibition Soccer Game on St. Croix

Carnival Breeze Brings 3,700 Tourists to St. Croix During Maiden Call; Senators, Tourism Officials Want to See More

Limetree Bay Willing To Provide $10 Million To Help Add Life to a Dying G.E.R.S.

American Airlines to Serve St. Croix With New Flights Next Summer

The Sudden Death of Influential Roots Reggae Visionary, Vaughn Benjamin of Midnite Band and Akae Beka, Has Rocked the Virgin Islands and Reggae Community Around the World

Arthur A. Richards K-8 School Hosts Anti-Bullying Campaign

Come Out. Hang Out. Have Fun at The Meat Up, One of St. Thomas’ Latest Hot-Spot for Good Food with Friends and Family.

UVI Board of Trustees Approves $47.1 Million Fiscal Year 2020 Budget; Sets $3 Million Fundraising Goal

Man Dies During Early Morning Car Accident on St. Croix; Driver of Car Arrested (Updated)

'You Did Everything You Could to Prevent this from Happening': An Emotional Goodbye to Young Aaron Benjamin

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Bill Aimed at Regulating Credit Use by Gov't Departments and Agencies Among Others Held in Committee

Juan Luis Hospital Announces Completion and Availability of Mobile Dialysis Facilities

Tractor Trailer With Tank Carrying Thousands Of Gallons of Liquified Gas Flips Near Cool Out Bar; Driver Injured But Alive

Credit and Debit Card Hack Through WAPA Appears to be Widespread in Virgin Islands; WAPA Says Support Services Will be Made Available to Affected Customers

Facing Life in Prison Without Parole, Mother and Boyfriend Plead Not Guilty in Murder of 4-Year-Old Boy

FirstBank Reps Discuss Branch Closure With Banking Board

Business / News / Virgin Islands / November 2, 2014

Following a story the VI Consortium reported regarding the intended closure of the Christiansted branch of FirstBank, representatives from the bank discussed the planned shuttering at a Virgin Islands Banking Board meeting convened on Oct. 29 by Lt. Gov. Gregory R. Francis, chairman of the Banking Board.

The Board, which regulates local banks and financial institutions, said it is awaiting a response from the FDIC before it moves forward on the branch closure, which is scheduled for Jan. 9, 2015.

FirstBank representatives also presented a proposal to consolidate the collections of FirstBank Express and FirstBank Virgin Islands in order to achieve greater efficiency, according to information in a press release issued by the Office of the Lieutenant Governor.

Many other matters were discussed at the meeting, including the feasibility of increasing the transaction fees for non-bank ATMs, a function that is regulated by the Banking Board.

Francis said the Board will review all matters presented at the meeting and will issue its findings within a two-week period.



Cynthia Graham

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