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Members of the Caye International Bank (CIB) senior management and its board of directors traveled to Council Bluffs, Iowa USA on Sunday, July 21st to Tuesday, July 23rd to meet with their counterparts at Treynor State Bank, one of the only US Correspondent Banks presently serving banks here in Belize. The three-day trip included formal management and board meetings, as well as informal discussions about improving communications, compliance interface, operations, and profitability. The team also took time out of their meetings to visit the nearby Ethanol plant called "SIRE" (Southwest Iowa Renewable Energy) one of the largest facilities in the US converting corn into ethanol fuel.

Nagel said that the trip was a great opportunity for constructive dialogue and to build business and personal contacts beyond the bank's normal day-to-day activities. "Although Caye International Bank has remained in good standing, many Belizean banks and financial institutions have come under US and European pressure and have even been cut off from the global financial community. In the current financial climate, it is more important than ever to cultivate business and personal relationships between banks in Belize and those abroad. It is important for us to share our business goals and vision and to ensure that our counterparts know that our clients have been well vetted and operate within acceptable norms in Belize, the United States, and the other parts of the world where they conduct their business," he said.

Click here to read the rest of the article in the San Pedro Sun