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Compass News
Compass News – 28 May 2026
Butterfield has announced plans to acquire CIBC Caribbean in a deal valued at nearly $1.8 billion, a move expected to expand financial services, strengthen regional reach and create new opportunities for clients and employees.
A new programme from Dart aims to help young Caymanians build careers in real estate, offering hands-on experience, professional training and mentorship across multiple areas of the industry.
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Cayman Compass
Butterfield to buy CIBC Caribbean for US$1.8 billion
Butterfield Bank has announced that it has entered into a “definitive agreement” to buy CIBC’s 91.7% interest in CIBC Caribbean. The deal, which is valued at US$1.794 billion, includes US$1,091 million in cash and US$703 million in Butterfield shares.
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