Butterfield’s $1.8B CIBC Purchase Shakes Up Caribbean Banking
HAMILTON, Bermuda, May 28, 2026, 11:04 ADT The Bank of N.T. Butterfield & Son said it will buy CIBC Caribbean Bank, picking up control in a mix of cash and stock. Butterfield put the value at about $1.8 billion. The combined group would have around $29 billion in assets in Bermuda and Caribbean markets.