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CIBC Completes Asset Sale In The Caribbean

Summary by Global Finance Magazine
After more than three years, CIBC Caribbean wrapped up its segment of a groupwide efficiency drive last month with the successful transfer of its Saint Maarten operations to Orco Bank. The divestment drive began in October 2021; since then, CIBC has sold operations in Aruba, Curaçao, Dominica, Grenada, and St. Vincent and the Grenadines, as well. “Our country divestment program is now over,” said CIBC Caribbean’s CEO Mark St. Hill, in a stateme…
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Global Finance MagazineGlobal Finance Magazine

CIBC Completes Asset Sale In The Caribbean

After more than three years, CIBC Caribbean wrapped up its segment of a groupwide efficiency drive last month with the successful transfer of its Saint Maarten operations to Orco Bank. The divestment drive began in October 2021; since then, CIBC has sold operations in Aruba, Curaçao, Dominica, Grenada, and St. Vincent and the Grenadines, as well. “Our country divestment program is now over,” said CIBC Caribbean’s CEO Mark St. Hill, in a stateme…

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Global Finance Magazine broke the news in on Sunday, March 2, 2025.
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Sint Maarten, Sint Maarten

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