PROVEN Investments Acquires Fidelity Bank (Cayman) Limited
February 1, 2022
PROVEN Investments Limited, through its newly formed subsidiary PROVEN Bank Holdings Limited, completed the acquisition of 100% of the outstanding shares of Fidelity Bank (Cayman) Limited from Fidelity Bank & Trust International Limited effective February 1, 2022. The acquisition expands PROVEN's Core Banking and Wealth Division presence in the Cayman Islands and secures a regulated Category A banking license with domestic and international operations (two branches in Grand Cayman).
- Buyers
- PROVEN Investments Limited, PROVEN Bank Holdings Limited
- Targets
- Fidelity Bank (Cayman) Limited
- Sellers
- Fidelity Bank & Trust International Limited
- Industry
- Financial Services
- Location
- Cayman Islands
- Transaction Type
- Buyout
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