By Hayden Boyce SUN Publisher & Editor-in-Chief

Depositors and shareholders of the collapsed TCI Bank will get an opportunity to pose questions and seek answers about their money, at a town hall meeting on Wednesday, June 2nd.
Provisional Liquidators Anthony Kikivarakis and Mark Munnings announced today (Tuesday) that they will be hosting a meeting at Tropicana Show & Supper Club, in The Bight, Providenciales tomorrow between 6:00pm and 8:00pm. All are invited to attend this very important meeting.
Since the bank closed on Friday April 9, 2010, several depositors and shareholders have been desperately seeking information about their money.
In April, an order for the appointment of a provisional liquidator was made by the Supreme Court of the Turks and Caicos Islands, appointing Anthony Kikivarakis and Mark Munnings, Partners of Deloitte & Touche as liquidators for the Turks and Caicos Islands Bank (TCIB).
The Financial Services Commission (FSC) was forced to take this action after the bank suffered a number of significant withdrawals of funds which left the bank unable to operate normally and meet its obligations on a timely basis.  The FSC asked the Court to intervene only once it became clear that the Board of TCI Bank was unable to obtain the additional financial support necessary for the bank to continue to trade. 
The provisional liquidators have been charged by the Court to quickly protect the assets of TCI Bank and explore all avenues available to rescue it.  The FSC has asked the Liquidators to move as quickly as possible in communicating guidance to account holders, staff and other creditors in an effort to minimize inevitable uncertainty.
Posted June 1 2010