There is a very clear local connection - according to the website of Manx Financial Group, which is the holding company for Conister Bank, amongst others:
Arron Banks, a former Director of the Group is beneficially interested in 38,153,158 Ordinary Shares. This holding includes 9,777,166 Ordinary Shares held by Rene Nominees (IOM) Limited in trust for ICS Risk Solutions Limited. John Banks, a director of MFG is also a director of ICS Risk Solutions Limited.
38m shares represents around 29pc of the group, so a major stake in a local bank/financial services group.