First­Caribbean In­ter­na­tion­al Bank an­nounced yes­ter­day that it has changed its le­gal name to CIBC Caribbean Bank Ltd.

The name change took ef­fect from Ju­ly 11, 2024. The bank, which is head­quar­tered in Bar­ba­dos, said the new le­gal names aligns with the re­cent adop­tion of the CIBC brand.

On Oc­to­ber 31, 2023, First­Caribbean In­ter­na­tion­al Bank an­nounced that the CIBC First­Caribbean group would be adopt­ing the brand of its ul­ti­mate par­ent, CIBC. The bank said the brand would have been rolled out across the re­gion in the com­ing months, sub­ject to any re­quired ap­provals.

CIBC Caribbean has branch­es and of­fices in 11 Caribbean is­lands, com­pris­ing: An­tigua; The Ba­hamas; Bar­ba­dos; British Vir­gin Is­lands; Cay­man Is­lands; Ja­maica; St. Kitts & Nevis; St. Lu­cia; St. Maarten; Trinidad & To­ba­go and Turks & Caicos Is­lands.

CIBC Caribbean de­scribes it­self as a re­la­tion­ship bank of­fer­ing a full range of mar­ket-lead­ing fi­nan­cial ser­vices through its cor­po­rate and in­vest­ment bank­ing, per­son­al and busi­ness bank­ing and wealth man­ag­ment seg­ments, through ts lead­ing dig­i­tal bank­ing net­work and lo­ca­tions across the re­gion.

It is one of the largest re­gion­al­ly list­ed fi­nan­cial ser­vices in­sti­tu­tions in the Caribbean with US$13 bil­lion in as­sets and mar­ket cap­i­tal­i­sa­tion of US$1.59 bil­lion.

CIBC (Cana­di­an Im­pe­r­i­al Bank of Com­merce) is a Cana­di­an multi­na­tion­al bank­ing and fi­nan­cial ser­vices cor­po­ra­tion head­quar­tered in the fi­nan­cial dis­trict of Toron­to. CIBC in­di­rect­ly owns 91.67 per cent of CIBC Caribbean, which is list­ed on the Bar­ba­dos and T&T stock ex­changes.

CIBC has in­ter­na­tion­al op­er­a­tions in the Unit­ed States, the Caribbean, Asia, and Unit­ed King­dom. Glob­al­ly, CIBC serves more than 11 mil­lion clients, and has over 40,000 em­ploy­ees.