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ECIC vows to save all TCI Bank customers? cash - Or Where is Our Epassporte money now?

Quote:

POTENTIAL TCI Bank buyers have pledged to recoup every cent of customers? cash if their bid is successful.
ECIC Holdings Ltd says it will stump up $30.5m in new money towards getting the collapsed institution back on its feet.
That will enable the country?s 4,500 account holders to access all funds up to $50,000 instantly, bosses say.

http://www.tcweeklynews.com/ecic-vow...sh-p2122-1.htm

Quote:

ECIC is a private consortium of 10 indigenous East Caribbean banks. They include Grenada Co-operative Bank, First National Bank St Lucia, National Bank of Dominica, ABI Bank, Caribbean Union Bank, St Kitts Nevis Anguilla National Bank, Bank of Nevis, National Bank of Anguilla, Caribbean Commercial Bank (Anguilla) and TCI Bank. The firm?s headquarters are in Basseterre, St Kitts.

"sounds like a plan"

Quote:

They assured creditors that all deposits would be kept whole. Customers would get back all their money up to the first $50,000 immediately. Access to an additional $50,000 would take place over 12 months for chequing account holders. All other accounts over $50,000, excluding chequing accounts up to $100,000, would be kept for a period of five years at an annual interest rate of 1.75 per cent.

Wonder how close to that today's message/update will be.