Heritage Bank Limited is a private limited liability company incorporated under the Laws of Belize (Chapter 250 Revised Edition 2000) on December 7, 1999. The Bank was issued bank license No. 1 of 2000 on November 15, 2000 under the Banks and Financial Institutions Act (BFIA) (Chapter 263 of the Substantive Laws of Belize, Revised Edition 2000).
Heritage evolved from a merger of Provident Bank & Trust of Belize Limited established in 1998 to provide international banking services, and Alliance Bank of Belize Limited established in 2001 to provide domestic banking services. These two institutions had common shareholders.
In 2006 there was a change in the shareholding of the Bank when Provident Bank acquired the majority stake in Alliance Bank. In 2008 a strategic decision was made to merge the operations of both Alliance Bank of Belize Limited and Provident Bank & Trust of Belize Limited. All functions of the two institutions were consolidated to benefit from economies of scale resulting in corporate synergies with best practices applied throughout the organizations.
On January 1, 2010 the Bank legally changed its name to Heritage Bank Limited from Alliance Bank of Belize Limited. The Bank’s parent, which owns 95.6%, also legally changed its name from Provident Bank & Trust of Belize Limited to Heritage International Bank & Trust Limited. The Heritage Group offers a range of international and domestic banking including fiscal agency services.
On February 1, 2016 Heritage Bank made history in Belize when it acquired the Belize operations of the FirstCaribbean International Bank. The instantaneous growth in our customer base with its related activities enhanced our business and positively impacted our image in the country. A Business Processing Center was established to function as a call center and to manage the preparation and dispatch of statements of accounts. Staff complement increased by some 75 in the city and at district branches to the present 200 employees.