NTB
XNYSBANK OF N.T. BUTTERFIELD&SON
2 news · 90d
0 news · vs previous 7d (0.65)
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News · 2
How did the price react? →- SeekingAlpha5/28/2026, 11:24:34 AMButterfield to take control of CIBC Caribbean in ~$1.8B transaction
Bank of N.T. Butterfield & Son has agreed to acquire CIBC's Caribbean banking operations in a transaction valued at approximately $1.8 billion. The deal would give Butterfield control of CIBC Caribbean, significantly expanding its regional footprint. No further terms or closing timeline were disclosed in the headline.
- BusinessWire5/28/2026, 9:30:00 AMButterfield Announces Agreement to Acquire Control of CIBC Caribbean in $1.8 Billion Transaction
Butterfield (NTB) has entered into a definitive agreement to acquire CIBC's 91.7% stake in CIBC Caribbean Bank Limited in a transaction valued at $1.8 billion. The deal is intended to create a leading banking and wealth management platform across international financial centers and Caribbean markets. No further terms or closing timeline were disclosed in the available text.