Initially established more than a century ago as Postspaarbank (Postal Savings Bank), PSB Bank was a savings bank, providing a broad range of savings products and loans to local residents. In May 2021, APC Bank, which is fully owned by APC Pension Fund, acquired all PSB Bank's shares and re-capitalized the bank.
Although there is no deposit guarantee scheme in Curacao, In February 2020, the Centrale Bank van Curaçao en Sint Maarten (CBCS)submitted a draft national ordinance to the countries of Curaçao and Sint Maarten for a deposit guarantee scheme. Nevertheless, in the event of PSB Bank N.V. failure its depositors will not receive any compensation or coverage.
PSB Bank N.V. is headquartered in Willemstad.
PSB Bank N.V. is authorized and supervised by the Central Bank of Curaçao and Sint Maarten.