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Commonwealth Bank Signs Contract to Extend Abaco Branch
By Gina. G. Greene
Nov 26, 2010 - 11:28:07 AM

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Pictured from left to right (seated): Commonwealth Bank’s President and CEO, William B. Sands Jr.; CB Director – Earla Bethel and Brian Marshall of Coastline Construction (Abaco) Ltd. Pictured from left to right (standing): CB Director – Larry Gibson; John C. Stewart of Construction Cost Engineering (Bahamas) Ltd; Architect Kenneth Lam and Godwin Blyden, CB Security and Administration Manager

Marsh Harbour, Abaco - Commonwealth Bank today announced the major expansion project of its Marsh Harbour, Abaco Branch. Coastline Construction Abaco Limited was awarded the $3 million dollar contract to which when completed in the fourth quarter 2011 will transform the existing structure by adding an additional 6,000 sq. feet. The extension of-the branch, which borders Queen Elizabeth Drive, Davidson Street and Bay Street in Marsh Harbour, is a direct response to customer demands. The newly completed branch will be 10,000 square feet in size and feature the Bank’s signature design and amenities - gray exterior with white trim, a spacious customer-friendly lobby in gray and pink marble and granite, energy efficient components, convenient customer parking and handicap access.

“Since 1987, Commonwealth Bank has been privileged to provide financial services to the residents and businesses in Marsh Harbour and the surrounding areas,” said the Bank’s President and CEO, William B. Sands, Jr. “We remain resolute in our commitment to make available to our loyal customers the best in retail banking services, at the same time making a positive impact on the community as a whole.This new construction project demonstrates our pledge, as we introduce an expanded modernised facility that is equipped to offer banking convenience and also accommodates the island’s expanding economic development.”

The project is expected to create dozens of on-site jobs and related financially viable opportunities for the local community during the twelve-months of construction.

Mr. Wallace Taylor, the newly appointed Branch Manager along with a staff of 25, will continue to deliver service excellence during the construction phase of the new facility whilst seeking to minimize any inconvenience to our customers.

Commonwealth Bank is the largest and most successful Bahamian banks with $1.4 billion in assets. The Bank is a market leader in service and convenience with eleven branches in New Providence, Abaco and Grand Bahama. The Bank provides the best possible access to an extensive line of products and services, including full service Saturday Banking at its Golden Gates, Prince Charles Drive and Oakes Field locations. Commonwealth Bank celebrated fifty years of banking excellence on April 20, 2010.

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