Skip to main content
U.S. flag
An official website of the United States government
Dot gov
The .gov means it’s official.
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you’re on a federal government site.
The site is secure.
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.
This page is no longer active. Its content has expired or been rescinded by the FDIC.
Financial Institution Letter
Special Alert

SUBJECT: Revoked Banking License

The Office of the Comptroller of the Currency (OCC) has advised us that the board of directors for the International Business Sector Authority, Government of Antigua and Barbuda, has revoked the license of the following company as of April 6, 1999:

Caribbean Bank of Commerce, Ltd.
P. O. Box W291
St. Johns, Antigua, West Indies

Also doing business at:

U. S. Representative Office
c/o Global Underwriters Inc.
17 Chestnut Street
Ridgewood, New Jersey 07450

Any information concerning this entity may be forwarded to FDIC's Special Activities Section, 550 17 th Street, NW, Room F-6012, Washington, DC 20429. For your reference, all FDIC Financial Institution Letters published since January of 1995 may be found on the FDIC's Web site at under the "Banking News" category.

James L. Sexton

Distribution: FDIC-Supervised Banks (Commercial and Savings)

NOTE: Paper copies of FDIC financial institutions letters may be obtained through the FDIC's Public Information Center, 801 17 th Street, NW, Room 100, Washington, DC 20434 (800-276-6003 or (703) 562-2200).

Last Updated: July 8, 1999