Acquiring Company
Butterfield Bank
Acquired Company
CIBC Caribbean Bank Limited
Hamilton
BarbadosFinancial ServicesFinanceLendingBankingLegalFinancial ServicesFinanceLendingBankingDescription
The Bank of N.T. Butterfield & Son Limited has announced its agreement to acquire CIBC’s 91.7% stake in CIBC Caribbean Bank Limited. Valued at approximately $1.794 billion, this deal will create a financial institution with about $29 billion in assets. The acquisition aims to enhance Butterfield's banking and wealth management capabilities while maintaining CIBC Caribbean's operational presence in Barbados.
Quick answer
Butterfield Bank is acquiring CIBC Caribbean Bank Limited for $1.8 billion, announced May 31, 2026. Butterfield Bank is based in Hamilton, Pembroke, Bermuda.
- How much did Butterfield Bank pay for CIBC Caribbean Bank Limited?
- The reported deal value is $1.8 billion.
- What does Butterfield Bank do?
- Butterfield Bank is a leading independent bank that provides a wide range of financial services.
- Where are Butterfield Bank and CIBC Caribbean Bank Limited based?
- Butterfield Bank is based in Hamilton, Pembroke, Bermuda. CIBC Caribbean Bank Limited is based in Barbados.
- Who are the decision-makers at Butterfield Bank?
- Fundz holds 1 contact at Butterfield Bank. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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- Tata Capital to acquire 88.6% of Yogloans (July 13, 2026)
- Capital One merges with Discover Financial Services (July 12, 2026)
- Enova to acquire Grasshopper Bank for expansion (July 12, 2026)
- PNB acquires Hindustan Commercial Bank in merger (July 9, 2026)
Who to call at Butterfield Bank, and when
When Butterfield Bank changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Butterfield Bank raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
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Related People
Frequently asked
Who acquired CIBC Caribbean Bank Limited?
CIBC Caribbean Bank Limited was acquired by Butterfield Bank, based in Hamilton. The deal was reported on May 31, 2026. Butterfield Bank is a leading independent bank that provides a wide range of financial services. Butterfield Bank is publicly traded (NTB) and operates in Financial Services.
When did Butterfield Bank acquire CIBC Caribbean Bank Limited?
Butterfield Bank's acquisition of CIBC Caribbean Bank Limited was reported on May 31, 2026. The Bank of N.T. Butterfield & Son Limited has announced its agreement to acquire CIBC’s 91.7% stake in CIBC Caribbean Bank Limited. Valued at approximately $1.794 billion, this deal will create a financial institution with about $29 billion in assets. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does CIBC Caribbean Bank Limited do?
CIBC Caribbean Bank Limited is a leading banking institution in the Caribbean region. It offers personal, business, and wealth management solutions to customers. It is privately held, operating in Financial Services, and is based in Barbados.
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