 Scotiabank first opened a branch in Port-of-Spain, Trinidad in 1906. However, after an epidemic of yellow fever that year which took the life of the manager, the branch closed to prevent the contagious disease from spreading to other staff. In 1954 Scotiabank returned to Port-of-Spain and further expanded in Trinidad with seven new branches in the late 1960s, bringing the total
to 13.
In 1973, The Bank of Nova Scotia Trinidad and Tobago Limited issued 17,000,000 shares to local shareholders, who eventually acquired about 23 per cent of the capital funds. Again in 1979, additional shares were sold, bringing local holdings to slightly more than 50 per cent. In 1998, the bank's name was changed to Scotiabank Trinidad and Tobago Limited.
Today Scotiabank Trinidad and Tobago Limited has nearly 1000 employees, over 65 automated teller machines (ATMs) and 23 branches, offering a broad range of retail, commercial and cash management services.
Its subsidiary, Scotiatrust and Merchant Bank Trinidad and Tobago Limited offers trust administration, portfolio management, investment and merchant banking services, leasing services, shared registry services and paying agent services.
Another subsidiary, ScotiaLife Trinidad and Tobago Limited, utilises the Scotiabank Trinidad and Tobago Limited branch network to offer medium to long term savings and retirement products.
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