Workers Bank

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Workers Bank

Workers Bank
With the absorption of Workers Bank into Union Bank, the Minister of Finance decided to grant gratuitous payments to the shareholders of the Bank.

The payment granted was $0.37 cents per share, to be distributed via a four-month payout. The payout, administered by Financial Services Limited, began March 22, 1999 and ended July 22, 1999. 

Below is a breakdown of payments to date:

Total Value of Shares to be paid:

 $20.0M

Total Claims paid:

 $12.9M (64.5%)

Total amount unclaimed:

 $ 7.1M (35.5%)

 

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