March 17, 2020
North Channel Bank Informs on Prevention Measures Concerning the COVID-19 Pandemic
In view of the developments relating to the coronavirus, we would like to inform you about our business activities and the measures we take to ensure the continuity of our services to you.
Our office has robust IT systems and we have implemented a work plan that allows us to provide our services outside our physical offices without significant disruption. In any case, the well-being of all those with whom we are in daily contact is of the utmost importance to us. We therefore hold meetings by telephone or video conference whenever possible, and have also established extensive travel and other restrictions. In particular, as a purely precautionary measure, we are disentangling our activities in order to counteract possible cross-office chains of infection by reducing personal contacts between our employees to a minimum until further notice. However, you can reach us by e-mail and by telephone, whether in our offices in Mainz or at the respective home offices.
With these preventive measures, we hope to make our contribution in dealing with the coronavirus and thank you for your understanding and support!
North Channel Bank GmbH & Co. KG was founded in 1924 as the privately owned bank Bankhaus Oswald Kruber located in Berlin. In 2009, a North American group of investors with expertise in the US Life Settlements sector acquired the bank and renamed it North Channel Bank. In the following years, the bank developed into one of the leading institutions in US Life Settlement financing. For many years, the bank has been working with the experienced and renowned US servicer NorthStar Life Services, LLC a former affiliate, and offers not only financing but also investments in US Life Settlements. The affiliate NorthStar Life Settlements Trading, LLC, Irvine, California, renamed in 2020, handles the trading of policies in this business segment. In the Structured Finance division, the bank focuses in particular on financing in the renewable energy sector (focus: equity interim financing), capital goods and growth financing.