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Butterfield Announces Agreement to Acquire Control of CIBC Caribbean in $1.8 Billion Transaction
HAMILTON, Bermuda & ST. MICHAEL, Barbados, May 28, 2026--The Bank of N.T. Butterfield & Son Limited ("Butterfield") (NYSE: NTB | BSX: NTB.BH) has entered into a definitive agreement to acquire CIBC’s 91.7% interest in CIBC Caribbean Bank Limited ("CIBC Caribbean"), a relationship bank with a longstanding history serving communities across the Caribbean, to create a leading banking and wealth management platform in international financial centers and attractive Caribbean markets, with approximate
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