As of July 17, 2023 the assets of the CIBC First Caribbean’s predecessor, Barclays bank, will be officially and completely acquired by the Grenada Cooperative Bank.
So says Manager Director of the Grenada Cooperative Bank, Larry Lawrence.
On October 12, 2021, Grenada Co-operative Bank Limited announced its membership of a member of a Consortium of leading Indigenous Banks in the Eastern Caribbean Currency Union (ECCU) entering into a definitive agreement to acquire the branches and banking operations of CIBC First Caribbean in Dominica, Grenada, St. Kitts/Nevis, and St. Vincent and the Grenadines.
On May 19, 2023, via a letter to its clients, saying that the sale of the assets of first Caribbean international bank Barbados limited in Grenada to Grenada cooperative bank limited was approved.
During an exclusive interview with Wee-Fm News Desk, Managing Director at Grenada Co-operative Bank Ltd, Larry Lawrence, noted that the process of transition is going ahead smoothly and they’re ready to welcome its new members.
Following the July 17, transfer of assets to the Grenada Cooperative Bank, Mr. Lawrence says the public will notice visible changes.
Mr. Lawrence says existing customers of the FCIB are required to get in touch with the Grenada Cooperative Bank as it relates to obtaining their respective financial products.
