FTC Ltr March 28 2013 re Business Closure
9100 PORT OF SALE MALL SUITE 15 ST. THOMAS, VI 00802-3602 TEL 340.779.2564 FAX 88831 6.9269 KELLERHALS FERGUSON FLETCHER KROBUN LLP KFFKLAW.COM March 28, 2013 Via Facsimile: (340) 773-0094 Commissioner Albert Bn’an,Jr. U.S. Virgin Tslands Department of Labor 2203 Church St. Christian sted St. Croix, VI 00820 Re: Financial Trust Company, Inc. NOTICE OF ACTION - EDC BUSINESS CLOSURE Dear Commissioner Bryan: This Notice of Action is to inform the USVI Department of Labor that the Economic Development Commission (the “EDC”) Beneficiary, Financial Trust Company, Inc. (“FTC”), will not request an extension of the suspension of its benefits, winch expired on March 22, 2013 and has requested instead that its benefits be terminated as of March 23, 2012. This notification is made pursuant to the Economic Development Commission’s Protocol for Business Closure. Please note that the employees of FI’C, while they will be terminated from FTC, will be transferred to affiliate entities and will receive their current benefit and salary packages. …
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9100 PORT OF SALE MALL SUITE 15 ST. THOMAS, VI 00802-3602 TEL 340.779.2564 FAX 88831 6.9269 KELLERHALS FERGUSON FLETCHER KROBUN LLP KFFKLAW.COM March 28, 2013 Via Facsimile: (340) 773-0094 Commissioner Albert Bn’an,Jr. U.S. Virgin Tslands Department of Labor 2203 Church St. Christian sted St. Croix, VI 00820 Re: Financial Trust Company, Inc. NOTICE OF ACTION - EDC BUSINESS CLOSURE Dear Commissioner Bryan: This Notice of Action is to inform the USVI Department of Labor that the Economic Development Commission (the “EDC”) Beneficiary, Financial Trust Company, Inc. (“FTC”), will not request an extension of the suspension of its benefits, winch expired on March 22, 2013 and has requested instead that its benefits be terminated as of March 23, 2012. This notification is made pursuant to the Economic Development Commission’s Protocol for Business Closure. Please note that the employees of FI’C, while they will be terminated from FTC, will be transferred to affiliate entities and will receive their current benefit and salary packages. Please contact me at 779-2564 if you have any quesuons or concerns. Sincerely, Edka A. Kellerhais cc: Percival Clouden, Chief Executive Officer, Economic Development Authority TAMPA U.S. VIRGIN ISLANDS NEW YORK