Established in 1883, Whitney Bank is a regional community bank providing retail, private, international, corporate and investment banking, asset management and brokerage solutions to its customers mainly at the Gulf Coast of the United States.
Whitney Bank has Category B banking license number 90045 issued by the Cayman Islands Monetary Authority. This type of license allows Whitney Bank to conduct banking operations with non-residents and domestic banking business with other Cayman Islands licenced entities.
There is no deposit guarantee scheme in the Cayman Islands: in the case of Whitney Bank failure its depositors will not get any compensation.
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
There is no deposit guarantee scheme in the Cayman Islands.
In the case of Whitney Bank failure its depositors will not be paid out any compensation.