FirstCaribbean International Bank Limited (“FirstCaribbean”) and Grenada Co-operative Bank Limited announced today that the sale of FirstCaribbean’s business in Grenada to Grenada Co-operative Bank Limited has received approval from the Eastern Caribbean Central Bank.
The banks further announced that the process of transferring FirstCaribbean’s clients to Grenada Co-Operative Bank Limited is expected to be completed by 14th July 2023.
CIBC FirstCaribbean announced the proposed divestiture of its business in St. Vincent, Grenada, St. Kitts & Nevis and Dominica in October of 2021. CIBC FirstCaribbean successfully transferred its St. Vincent clients to Bank of St. Vincent & Grenadines last month.
