CIBC First Caribbean International Bank

Description:

FirstCaribbean is a major Caribbean bank offering a full range of market-leading financial services in Corporate Banking, Retail Banking, Wealth Management, Credit Cards, Treasury Sales and Trading, and Investment Banking. It is the largest, regionally-listed bank in the English-speaking Caribbean, with assets of over US$10.9 billion and market capitalisation of US$2.5 billion.The Bank has over 3,500 staff
66 branches, 22 banking centres, and seven offices in 17 regional markets, serving 550,000 active accounts.FirstCaribbean was formed in 2002 with the merger of CIBC West Indies Holdings and Barclays Bank PLC Caribbean operations. As at December 22nd 2006, CIBC became the majority shareholder in FirstCaribbean, now holding 91.5% of the shares of FirstCaribbean International Bank Limited. CIBC (TSX, NYSE: CM) is a leading North American financial institution serving clients in Canada and around the world.Through its distinct business lines, CIBC Retail Markets and Wholesale Banking, CIBC provides a full range of products and services to almost 11 million individual, small business and commercial banking clients and meets the financial needs of corporate and institutional clients. CIBC is rated A+/Stable/A-1 by Standard & Poor’s.FirstCaribbean International Bank is committed to partnering with communities in the 17 countries in which it operates. Through the FirstCaribbean International Comtrust Foundation, FirstCaribbean International Bank dedicates 1% of its prior year profits (pre-tax) to Community Partnership causes each year.