Proven Investments has announced plans to acquire Fidelity Bank Cayman from Fidelity Bank & Trust International, a company incorporated in The Bahamas.
It is based on the deal being approved by the Cayman Islands Monetary Authority.
FBC is a financial services company incorporated in the Cayman Islands and licensed under the Bank and Trust Companies Act as a Category 'A' Bank to carry on banking business in the Cayman Islands.
With two branches in Grand Cayman, FBC provides services to residents and non-residents; offering a wide range of financial solutions.
As at September 30, last year, FBC had total assets in excess of US$350 million.
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