CNB closes Edward Street branch with no staff loss

(CNS Business): Cayman National Bank has closed its Edward Street customer service centre but the bank says all 13 staff members will be redeployed elsewhere in the company to manage the redistribution of client business traffic. CNB said in a statement that the lease for the building is expiring this year and the branch no longer serves the firm's strategic objectives, so they decided not to renew the lease. CNB President Ormond A. Williams stated, “In this difficult economic climate where businesses are reducing their staff complement, we have taken the approach to retain, retrain and redeploy our existing staff, which is a true testament of the Cayman National ethos and commitment to the socio-economic development of our community.” Read more on CNS Business

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