Acquiring Company
Butterfield Bank
Acquired Company
CIBC Caribbean
Description
Butterfield Bank has announced its acquisition of CIBC Caribbean in a landmark deal valued at approximately $1.8 billion. The transaction will combine the strengths of both banks, creating a leading banking and wealth management platform in the Caribbean. This deal is expected to close in the first half of 2027, pending regulatory approvals. The merger aims to enhance profitability and expand Butterfield's footprint across the region.
Quick answer
Butterfield Bank is acquiring CIBC Caribbean for $1.8 billion, announced May 29, 2026. Butterfield Bank is based in Hamilton, Pembroke, Bermuda.
- How much did Butterfield Bank pay for CIBC Caribbean?
- 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 based?
- Butterfield Bank is based in Hamilton, Pembroke, Bermuda. CIBC Caribbean is based in Haiti.
- 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.
Other recent acquisitions in Financial Services and Finance
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Wintrust to acquire Northern Trust guardianship business (July 6, 2026)
- Butterfield to acquire CIBC Caribbean for $1.8 billion, $1.8B (May 31, 2026)
- Bank of N.T. Butterfield completes Rollinson & Hunter acquisition (May 23, 2026)
- 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)
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
- Who you already know at Butterfield Bank, from your own LinkedIn network
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Related People
Frequently asked
Who acquired CIBC Caribbean?
CIBC Caribbean was acquired by Butterfield Bank, based in Hamilton. The deal was reported on May 29, 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?
Butterfield Bank's acquisition of CIBC Caribbean was reported on May 29, 2026. Butterfield Bank has announced its acquisition of CIBC Caribbean in a landmark deal valued at approximately $1.8 billion. The transaction will combine the strengths of both banks, creating a leading banking and wealth management platform in the Caribbean. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does CIBC Caribbean do?
CIBC Caribbean is a banking institution operating in the Caribbean region, providing financial services to clients and working closely with key stakeholder groups such as employees and the community. It is privately held, operating in Financial Services, and is based in Haiti.
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