Seylan Bank PLC was founded in 1987 and opened its doors for business on 24th March 1988, in Colombo Fort, the traditional banking district of Sri Lanka's largest city. Originally named Seylan Trust Bank Limited, it was designated a Licensed Commercial Bank and incorporated as a public company with a broad base of shareholders. From its founding, the new institution was part of the Ceylinco Group of Companies, a major Sri Lankan conglomerate operating in a wide range of industries. The goal of the Bank's Founder Chairman, Dr. Lalith Kotelawala, was to offer retail customers a more welcoming, service-oriented alternative in a banking culture that was generally perceived to be formal and regimented, even a bit austere. From the outset, Seylan Bank presented itself as a flexible, customer-friendly choice, summing-up its promise in a service motto that soon caught the attention of prospective customers: 'The Bank with a Heart'.
In December 2008, Seylan Bank appointed a new board under the Chairmanship of MR. Eastman Narangoda, a veteran of the banking industry. A new strategic plan was instigated and Seylan Bank reached new heights in 2010 by recording a Profit after tax of LKR 1.2 Billion surpassing the 1 Billion thresholds for the first time in its history.
In 2011 Mr. Kapila Ariyaratne was appointed as the new Chief Executive Officer / General Manager of the Bank..
Mr. Mohan Peiris President Counsel (former Attorney General) was appointed as the New Chairman of the bank with effect from 20th April 2012.
As at 30th June 2012 there are 138 customer serving outlets which comprises of 100 branches and 38 extension offices in the bank's network supported by 139 ATMs.
Seylan Bank shares are quoted on the Colombo Stock Exchange (CSE).