Published On: Tue, Feb 26th, 2013

Van Lanschot suspends activities in Curacao

Van LanchotWILLEMSTAD –  On the “Van Lanschot Trading Update: Q3 2012, United Bank & Trust (‘United”) informs that it will suspend its activities in Curacao and Sint Maarten. 30 employees will lose their jobs on May 1 of this year. United was suppose to buy over Van Lanschot and thereby safeguard the employments at the company.

In their Trading update it states:

“United Bank & Trust ('United') has decided to suspend its purchase of Van Lanschot's banking activities on Curacao and trust company. Van Lanschot and United were unable to reach agreement on the acquisition due to the requirements imposed on United by the central bank of Curacao and Sint Maarten in order to obtain a declaration of no objection. Van Lanschot will close down the banking activities on Curacao in the short term, the options for the trust company are being considered.”

Van Lanschot NV is the holding company of F. van Lanschot Bankiers NV, the oldest independent bank in the Netherlands with a history dating back to 1737. The bank offers high-quality financial services to high net-worth Individuals, entrepreneurs and their businesses and institutional investors. Van Lanschot NV is listed on Euronext Amsterdam.

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