its shares in RBTT. Then in 1987 RBC divested itself of its remaining shares in RBTT, putting 100% of its shares in the hands of local shareholders, including 21% in the hands of bank employees. To propel future growth, the bank created the parent holding company known as the Royal Bank of Trinidad and Tobago, Limited for banking operations. In 1990 RBTT decided to transform The Royal Bank of Trinidad and Tobago Limited into a full-fledged regional institution offering financial services across the Caribbean. 1991 CBC (now RBTT Bank Caribbean) established a branch at Bequia, in the Grenadines. 1992 CBC established a branch in Antigua. 1993 CBC established itself in Saint Lucia. 1995 RBTT acquired St. Maarten Commercial Bank and changed its name to Antilles Banking Corporation (Sint Maarten). 1996 RBTT, with the encouragement of the Eastern Caribbean Central Bank, acquired a 94% interest in the Nevis Corporative Bank, established in 1955, and changed its name to Caribbean Banking Corporation (SKN). RBTT also acquired Nevis Banking Company (est. 1955), and merged it into CBC (SKN). RBTT acquired the McLaughlin Bank in Curaçao, and changed the name to Antilles Banking Corporation (Curaçao). 1997 RBTT acquired a 50% interest in the Grenada Bank of Commerce (est. 1983), which it has since increased to 62%. RBTT also acquired Neal & Massy’s 50% interest in CBC, making CBC a wholly owned subsidiary. This is now RBTT Bank Caribbean, with branches in St. Lucia, Antigua, St. Vincent, and Bequia, and owns RBTT Bank (SKN) in Nevis and RBTT Bank Grenada. 1998 RBTT acquired the First National Bank of Aruba, with two subsidiaries offering both onshore and offshore services. The bank also formed RBTT Financial Holdings Limited, a new holding company. 1999 Antilles Banking Corporation acquired the operations of the Chase Manhattan Bank in St. Maarten. RBTT restructured its ownership and Grenada Bank of Commerce became a subsidiary of CBC. 2000 RBTT acquired FINSAC's 99.9% shareholding in Union Bank of Jamaica . The bank changed its name to RBTT Bank (Jamaica). Union Bank was the result of a merger of the business of four (4) FINSAC controlled commercial banks and their three (3) allied merchant banks, all seven of which sought Government intervention when faced with insolvency: Citizens Bank; Eagle Commercial Bank; Island Victoria Bank; Workers Savings & Loan Bank; Citizens Merchant Bank; Corporate Merchant Bank; and Island Life Merchant Bank. 2000 Antilles Banking Corporation (Curaçao)