Published: June 23, 2023
Following up on the most recent post from June 17, containing the statement from the OCIF-appointed Receiver, we are reaching out again with a status update on the liquidation of Euro Pacific Intl. Bank, Inc. (the “Bank”) and the migration process.
The Receiver in conjunction with key stakeholders is preparing for the imminent liquidation of the Bank. The Receiver will be in contact with the opt-out liquidation clients in short order with additional details on the process, and the ongoing communication plan.
Qenta is pleased with the recent news from OCIF and the Receiver, and is actively making arrangements to start the migration of clients by next month. The two gating items will be:
- Qenta awaits the updated liquidation order from the Receiver and OCIF (expected by end of June); and
- Qenta requires access to the assets that will be used to honor the opt-in client obligations that are being transferred over to the Company. Qenta has received access to some but will receive assistance from the Receiver as relevant for the remaining assets.
Further details on the final migration timeline and seamless transition process will be shared by the Qenta Client Services team closer to the migration date, once confirmed.
The core banking system will cease after June 30, 2023. So, if you have not, please download your bank statements accordingly.
For mutual fund holders, kindly note that the latest statements (as of June 2023) will be sent to you in July.
Lastly, Qenta’s team is excited to have the opportunity soon to welcome you to the family and will be sharing more about its services and offerings, including its Qenta app that puts you in control of your assets in a safe and secure manner.
As always, should you have any comments or questions, please feel free to reach out to our Client Services team at [email protected] and we will be very happy to provide all needed assistance.
We sincerely thank all EPB customers for your patience throughout this period and we look forward to a pleasant and long awaited close for everyone involved.
Euro Pacific Bank.