ST. KITTS-NEVIS-ANGUILLA NATIONAL BANK LIMITED TO ACQUIRE THE BANKING OPERATIONS OF CIBC FIRSTCARIBBEAN ON ST.KITTS-NEVIS

The St.Kitts-Nevis Anguilla National Bank Ltd is set to acquire the operations of the CIBC First Caribbean on St.Kitts-Nevis . The 50 year old Institution is part of a Consortium of leading Banks in the Eastern Caribbean Currency Union that has announced that it has entered into a definitive agreement to acquire the branches and banking operations of CIBC FirstCaribbean in Dominica, Grenada, St. Kitts and Nevis, and St. Vincent and the Grenadines.

The agreement executed on 12 October 2021 is subject to regulatory approval and customary closing

conditions.

The St.Kitts-Nevis-Anguilla National Bank as part of the consortium looks forward to working with CIBC FirstCaribbean to finalize the transaction over the coming months with both working diligently to ensure the transition is seamless for all stakeholders.

Until regulatory approvals are obtained and the transaction closes, operations at all institutions will continue as they currently do.

The Consortium members are committed to recruiting staff of CIBCFirstCaribbean, as required, tomaintain and even improve the level and quality of service that CIBCFirstCaribbean customers areaccustomed to.

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