Scotiabank opened its first branch in 1982 in Grand Turk. Retail and Commercial banking expanded in the late 1980's with the addition of Providenciales branch. Activity in the branches reflected the economic growth of the country and was heavily centered on local business and the increasing tourism industry. Business continued to grow during the 1990's and, by 2002 a brand new branch was opened in Providenciales to replace the existing premises which had been outgrown. Expansion with a branch in Grace Bay and the expansion of premises for Grand Turk and Providenciales branches.

Scotiabank offers a complete range of retail and commercial banking services through it's branch network. The Bank employs approximately 70 employees in the country, plus operates 11 ATMs. In 2006, Scotiabank introduced Internet banking in Turks & Caicos.

A strong supporter of various community initiatives, Scotiabank Turks & Caicos' contributions range from sports causes, to education, health, and arts & culture including donations to local high schools in support of graduation exercises, local charities involving the care and welfare of children and contributions to combat the ongoing battle with AIDS in Turks & Caicos and across the Caribbean region.