The St Vincent Co-operative Bank Limited opened its doors to business on 1st February 1945 and is one of the oldest indigenous financial institutions in St. Vincent and the Grenadines.   

At the time of opening, a penny was all that was required to start an account, and to date the Bank is known as “Penny Bank” or “Forde Bank” after its founder Ormond Forde.   

The relative ease of opening an account from inception has resulted in the St. Vincent Cooperative Bank now holding more Savings Accounts than any other financial institution in St. Vincent & the Grenadines.