 In 1912 Royal Bank of Canada (RBC) bought the bank and proceeded to operate it as a branch.In 1987, RBC sold the bank to an investment group headed by Lord Ashcroft as Belize Holdings, Inc., then Carlisle Holdings, then Belize Bank Holdings; the new owners renamed the bank, "Belize Bank".In 2000, Belize Bank established Belize Bank (Turks and Caicos) - "Belize Bank (TCI)."