Merchants Commercial Bank appoints Valdamier Collens Chairman

Valdamier Collen is the new president of Merchants Commercial Bank (file photo)

James Crites, CEO of Merchants Commercial Bank (MCB), announced Thursday, September 1 the appointment of Valdamier (“Val”) Collens as President of the bank.

Most recently, Collens served as Senior Vice President, Head of U.S. Virgin Islands Region, FirstBank, providing leadership, strategic direction and management of commercial, mortgage and consumer loan and loan portfolios. ; retail branch operations; and electronic banking.

He offers over 30 years of leadership and lasting change in processes, systems, tax management, auditing, compliance monitoring and information technology in the private and public sectors. Collens received his MBA from Harvard Business School in 1998 and has been a New York State Certified Public Accountant for over 25 years.

“Val is a born leader, whose diverse and extensive background positions him to ensure we maintain the level of service our customers have come to expect as we continue to grow. We are excited to have him join an already strong management team to oversee the business as we move forward into our next phase of development,” Crites said.

Given the challenging business, economic and regulatory landscape, “it is important that we continue to dynamically develop the range of services offered by building on MCB’s strengths: exceptional customer service, a highly engaged staff and decisions localized in a timely manner for current and future customers,” says Collens.

MCB is the only commercial bank chartered in the Virgin Islands and insured by the FDIC serving the community of the Virgin Islands. Based in St. Thomas, US Virgin Islands, but also serving St. John and St. Croix, MCB works with businesses and individuals to develop financial solutions tailored to their unique circumstances. Visit Merchants Commercial Bank online at for more information and a summary of our products and services.

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