Globacor Articles

Bayshore Press Release

J & T GROUP ACQUIRES BAYSHORE BANK & TRUST

Bayshore Press Release - May, 2008

The J & T Group is proud to announce the completion of another step in their banking strategy by acquiring Bayshore Bank & Trust (Barbados) Corporation (Bayshore), a leading private bank in the Caribbean. The Group is building an international bank network that will combine the high value service traditions of niche private banks with the investment depth of a world class major financial institution. The local banks will provide the customized structuring strategies while the global entity will use its negotiating strength to source and execute the best investment solutions for each individual client situation.


The bank's new website is at www.jtbanktrust.com.


Mr. John P. Bujouves, Chairman of Globacor Capital and Founding Chairman of Bayshore, recognized J & T as an excellent partner to help expand international operations. “It is a group with a developed infrastructure and strong vision, which it fulfills thanks to its high-quality management”. Mr. Bujouves goes on to state, “There is a very strong fit with our respective approach to service and business discipline. We also share similar philosophies on investment styles, which includes objective sourcing of the world’s top-class investments. Bayshore itself has been growing rapidly over the past several years, most significantly with its acquisition and integration of CIBC's Trust business in Barbados and Private Counsel Trust in The Turks &Caicos.”

J & T Group shareholders are very excited to add Bayshore clients and staff to the growing organization.