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Bank of N.T. Butterfield to acquire CIBC's Caribbean ops

PRIVATEOct 12, 2026

Acquiring Company

Bank of N.T. Butterfield & Son

Acquired Company

CIBC

HamiltonCanadaFinancial ServicesFinanceLendingBankingLegalFinancial ServicesFinanceLendingBanking

Description

Bank of N.T. Butterfield & Son is set to acquire CIBC's Caribbean operations for $1.8 billion. This acquisition aims to substantially expand Butterfield's presence in the Caribbean market. The move reflects the bank's strategy to enhance its operational scale while navigating integration challenges and maintaining margin stability.

Company Information

Company

Bank of N.T. Butterfield & Son

Location

Hamilton, Pembroke, Bermuda

About

Bank of N.T. Butterfield & Son is a leading financial institution providing a wide range of banking and wealth management services. The bank focuses on the needs of clients and strives for operational excellence. It has a significant operation in the wealth and asset management sector, offering various financial products and services.

Fundz sees it the moment Bank of N.T. Butterfield & Son makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Predictive Intelligence
Strategic

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Frequently asked

Who acquired CIBC?

CIBC was acquired by Bank of N.T. Butterfield & Son, based in Hamilton. The deal was reported on October 12, 2026. Bank of N.T. Butterfield & Son is a leading financial institution providing a wide range of banking and wealth management services. The bank focuses on the needs of clients and strives for operational excellence. Bank of N.T. Butterfield & Son is privately held and operates in Financial Services.

When did Bank of N.T. Butterfield & Son acquire CIBC?

Bank of N.T. Butterfield & Son's acquisition of CIBC was reported on October 12, 2026. Bank of N.T. Butterfield & Son is set to acquire CIBC's Caribbean operations for $1.8 billion. This acquisition aims to substantially expand Butterfield's presence in the Caribbean market. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does CIBC do?

Canadian Imperial Bank of Commerce (CIBC) is a leading Canadian-based financial institution, providing a range of financial services to clients globally. It is privately held, operating in Financial Services, and is based in Canada.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.