It is licensed by the Isle of Man Financial Services Authority in respect of deposit taking and investment business and registered as a general insurance intermediary.

The earliest Manx bank began business in 1802 at Bridge House, Castletown.

[2] Founded by Samuel Harris, Henry Noble, William Moore and William Callister,[3] the Isle of Man Banking Co. Ltd. was established at Athol Street, Douglas, on 26 October 1865.

There is also a mobile branch named Penny, which visits places on the island that do not have a branch, including Kirk Michael, Laxey, Onchan, Ballaugh, Cooil Business Park (Braddan) and Ballasalla.

[7] Isle of Man Bank is a member of the Isle of Man Depositors’ Compensation Scheme as set out in the Depositors’ Compensation Scheme Regulations 2010.