Antigua Commercial Bank (ACB) is the largest indigenous commercial bank in Antigua & Barbuda, with an asset base of over one billion Eastern Caribbean Dollars.
ACB was incorporated on October 20, 1955, as The Antigua Co-operative Bank Limited, when it registered a share capital of EC$100,000 and became the country's first indigenous bank and public company. The Bank’s operations started on January 3, 1956, at the former Chelsea Building on Newgate Street in St. John’s, its first location.
In its early years, ACB became well known for assisting entrepreneurs and small business owners, who started their operations as national pioneers. The Bank also allowed customers to open savings accounts with a minimum amount as low as a penny (2 cents), thus earning the name “Penny Bank” in its formative years.
