The attainment of 50 years of age in our personal lives or business holds great significance. ACB’s achievement of this historic landmark is more magnified since represents the hopes, dreams and aspirations of Antiguans and Barbudans in an industry that was largely closed to them. The business has grown from being a Penny Bank to a business with assets of over EC$600 million.
The achievements of a bank from such humble beginnings are remarkable:
- The first to build a multi-storey building in St. Johns
- The first to introduce ATMs in Antigua
- The first to introduce computers in Antigua’s banking industry
- The first commercial bank to introduce a student loan programme
ACB has also helped many of our entrepreneurs to rise to the commanding heights of our economy. Antiguans now dominate the supermarket industry, thanks to ACB. Additionally, home ownership has become more attainable with the advent of ACB Mortgage and Trust Company Limited.
What about the next 50 years? We will not be complacent! Like their predecessors, the next generation of customers can expect us to play a pivotal role in helping them to carve a niche for themselves in the evolving global landscape. ACB is committed to enriching the life of our people, our region and our world.
This page is designed to assist you, our partners, in understanding the spirit of ACB as together we share a “Golden Past, Platinum Future…”. Our 50th anniversary page is designed to share our rich heritage with you. Feel free to browse and also view our 50th anniversary video. We hope it evokes fond memories.
Directors, Management and Staff of ACB
OUR ANNIVERSARY LOGO
Our 50th anniversary mark was created by a young Antiguan graphic artist Miss Taryn Doram. Miss Doram is a second generation ACB customer.
Objectives:
- To create a unique visual identity that will aid in recall of ACB’s 50th Anniversary activities
- To enhance the bank’s corporate image
Uses of the Mark/Logo:
The mark was used on our bank’s letterhead, banners and any media or event used to publicize ACB’s 50th anniversary.
Explanation of the Logo
Fireworks: A symbol of the major milestone being celebrated by the bank
Fireworks colours: The fireworks colour are gold and platinum in line with the theme. It starts with gold and expands outwards to the future in accordance with the theme
Theme lettering: The theme is written in platinum symbolic of the high expectations about our future. The word future is written in very bold fonts.
MILESTONES
We have made many major strides in our 50 year history. In many cases we have led the way in defining the banking landscape in Antigua and the eastern Caribbean. Below are a list of some of our milestones:
MAJOR MILESTONES
- October 20 1955--- Registration of Antigua Co-operative Bank Limited
- January 3 1956--- Antigua Co-operative Bank commences business
- October 25 1969--- Official Opening of Head Office building on the corner of Thames and St. Mary’s Streets St. John Antigua
- July 15 1969---- Commencement of conversion from a savings & loans association to a commercial bank
- October 27 1969 ---- Commencement of Commercial Banking
- May, 1971 ACB opens Agency in Barbuda
- February 2, 1972 ---- Name changed to Antigua Commercial Bank
- December 1976, ---Airport Agency opens
- October 20, 1980 ---- ACB celebrates its Silver Anniversary
- April 1984, First bank in Antigua to be computerized
- September 30, 1985---- ACB achieves its goal of becoming the bank with the largest share of deposits in Antigua & Barbuda
- September 15, 1987---- ACB Mortgage & Trust Company Ltd., a wholly owned subsidiary is established.
- October 20, 1989----- ACB launches its Student Loan scheme. The first bank to do so.
- December 1, 1990----- ACB launches its “Penny” ATM service.
The first bank to offer ATM service in Antigua & Barbuda and the Eastern Caribbean
- January 22 1992 ----- ACB Louis H. Lockhart Scholarship Programme is launched.
- October 17 1992----- Bank’s founder, Louis H. Lockhart, retires.
- October 20 1995 ----- ACB Celebrates its 40th Anniversary
- ACB launches 40 and Over Club Account
- October 28 1995 ---- The first ACB Louis H. Lockhart scholar, Howard Bayrd, graduates with First Class honours from the University of the West Indies
- April 15, 1997--ACB launches Easy Bill Payment which enables payment of utility bills at the ATM
- April 1998----- ACB Richie Richardson Stand opens
- August 1998 ----- ACB launches HomeBound account for Antiguan in the United Kingdom
- May 1999---ACB launches Telephone Banking
- November 1999 ---- ACB named Best Corporate Citizen in the Eastern Caribbean by the Eastern Caribbean Central Bank
- June 13, 2000 ---- ACB’s website www.acbonline.com is launched
- September 11, 2000 ------ ACB Mortgage and Trust Company Ltd. Commences operation at ACB Financial Center
- October 22, 2000 ---- ACB Mortgage and Trust Company Ltd. Official opens ACB Financial Center
- March 17, 2001 ACB’s partners with HAMA to produce the OECS’ first locally produced full length feature film
- April 2003 ---Launch of Strategic Plan 2003-2007
- July 17, 2003-----Janet Francis, Longest serving employee retires
- October 7, 2005----Irma Lloyd, 2nd Longest serving employee retires
- April 4, 2005----Pershing Waldron, Manager of ACB Mortgage and Trust Retires
- September 14, 2005—ACB Launches E-commerce solution at ICT Fest 2005
MAJOR ACTIVITIES
- October 19, 2005: Launch of 50 Anniversary - Hibiscus Room, Jolly Beach Hotel
- October 20, 2005: Customer Hospitality Day/ All Branches Customer appreciation week
- November 06, 2005: Thanksgiving Service on St. Mary’s Street
- December 1, 2005: Rat eradication/reduction “RATSTATS” project in collaboration with Health Department
- December 08, 2005: Launch of the 50th Anniversary Calendar (to be a keepsake item) click to view pdf version.
- December 18, 2005: 50th Anniversary Christmas Extravaganza: Christmas in the Park at the Botanical Gardens – carolers, Christmas scene family event, food of various nationalities
- July 2006: Carnival 2006 Sponsorship: Female Calypso Competition
PHOTO ARCHIVES
Take a nostalgic walk with us and share our many memories.
50TH ANNIVERSARY VIDEO
This video gives a quick glimpse of our journey.To view this video, click here.
ARTICLES
