BCB began by an Act of Parliament in February 1969. BCBs core banking system provides a suite of products, including online banking. In June of 2016, the BCB Group of Companies moved into a new location at 34 Bermudiana Road, Hamilton. In 2019, BCB also celebrated its 50-year anniversary of providing banking services to Bermuda and internationally.[4]
In July 2021, the investment company, Provident Holdings Limited, purchased the BCB Group of Companies from Somers Limited. On March 1, 2022, BCB sold its licensed trust business and a primary licensed corporate administration services business together with two minor operational subsidiaries. The sale was in line with a renewed strategy to focus on the core banking business in Bermuda.
In February 2025, BCB announced leadership changes, with Neville Grant stepping down as CEO and Andy Mielczarek - formerly of HSBC, Bank of America, and UK digital bank Chetwood Financial - set to take over as chairman and CEO, pending regulatory approval, with Graham Jackson serving as interim CEO in the meantime.[5]
In February 2026, the bank backed the government's initiative to make Bermuda the world's first fully on-chain economy,[1] and the following month, struck a partnership deal with cryptofinance firm XBTO to upgrade its USD payment infrastructure.[6]
