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Wednesday, August 17, 2022
HomeNewsLocal NewsCIBC FirstCaribbean receives approval for the sale of its assets

CIBC FirstCaribbean receives approval for the sale of its assets

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by Eulana Weekes

St. Kitts and Nevis (WINN): CIBC FirstCaribbean and the St. Kitts-Nevis-Anguilla National Bank (SKNANB) Limited has been given approval for the sale of the assets of FirstCaribbean International Bank (Barbados) Limited in St. Kitts and Nevis.

In an official statement, the entities have given assurance that there will be an orderly transfer of client accounts between FirstCaribbean and the St. Kitts-Nevis-Anguilla National Bank; as the teams have been working closely together to complete the transition which is expected to take place in the upcoming months.

The team has made a commitment to communicate with the clients to ensure that they know when the CIBC FirstCaribbean Bank’s services end and when that of the St. Kitts-Nevis-Anguilla National Bank begins. Moreover, they will keep clients abreast of the management of their accounts.

In the interim, merchant services, retail and credit card clients and corporate clients may contact CIBC FirstCaribbean on Mondays to Fridays at any time, as well as Saturdays and Sundays between 7:00 a.m and 12:00 midnight at 1-866-7432557, 784-452-5113 or 1-800-744-1168. The St.Kitts-Nevis-Anguilla National Bank will be offering similar services for clients who may have concerns. For general enquiries and card services or merchant account enquiries contact the National Bank at 869-469-2121 or +1 (877) 787- 8158. Contact can also be made via email at [email protected].

Meanwhile, a similar transition is taking place between the CIBC FirstCaribbean International Bank (Barbados) Limited and the Bank of St. Vincent & the Grenadines Ltd. It is unclear whether this will be occurring in any other country.

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