The new facility is located in the Prince Charles Shopping Centre where Finco’s parent company Royal Bank of Canada aka RBC already has a branch.
Unlike regular banks, the RBC Finco Mortgage Centre “offers extended hours”. Clients will find there is someone at the office from 10 am to 6 pm “Monday to Friday” and it is also open on Saturdays from 11 am to 3 pm.
RBC Finco’s Managing Director Nathaniel Beneby Jr said the Centre would be providing “mortgages for single- and multi-family residential homes, as well as other lending, savings and chequing services”.
Julius Seymour brings 26 years of experience to the management of the RBC Finco’s Prince Charles Mortgage Centre. He is joined by “two mortgage specialists, a credit support officer and an office clerk”.
Mr Seymour’s 26 years include 18 years in “sales and lending”; his most recent posting was Assistant Manager Credit Risk at the bank’s head office on East Hill.
The centre will have “no cash transactions” but it will have an ABM. According to the release “all mortgage lending products, loans, savings, chequing and fixed term deposits are available through the Prince Charles Mortgage Centre.
Mr Beneby commenting on his company’s leading position said that RBC Finco had been in business for “more than 50 years” and that the “newest office” builds on the company’s “commitment to be the leading provider of mortgages in The Bahamas”.
RBC Finco has been helping Bahamians get their homes for 53 years and for 23 of those years it has had 4,000 shareholders who have seen their investment grow exponentially. At one point it was valued at over $20 and did a three for one split valuing the shares at approximately $7. On Friday the stock closed at $11.25, and is second only to FirstCaribbean which closed at $12.
By: C. E. HUGGINS, Business Editor, The Nassau Guardian
