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CIBC FirstCaribbean to close Anguilla office

CIBC FirstCaribbean International Bank on Wednesday announced it has taken a decision to close its Anguilla office early in the new year.
 
Donna Wellington, Managing Director of Barbados and the Eastern Caribbean Islands, under which the Anguilla business falls, noted that Anguilla has been experiencing operational losses. 
 
CIBC FirstCaribbean has held discussions with the Government of Anguilla and the Eastern Caribbean Central Bank, as the regulator, and all parties have agreed to work to ensure the transition can take place in an orderly manner.
 
The bank's employees in Anguilla will be offered separation packages consistent with the bank's policy.


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