Scotiabank completes sale of its operations in Antigua and Barbuda

Torys acted as counsel to Scotiabank with a team that included (Ricco) A.S. Bhasin, Raegan Kennedy, Matthew McMahon and Claire Chapman (corporate/M&A) and Andrew Silverman (tax).

On September 1, 2021, Scotiabank announced the completion of the previously announced sale of its banking operations in Antigua and Barbuda to the Eastern Caribbean Amalgamated Bank Limited.

Further information can be found on Scotiabank’s website.

Scotiabank is a leading bank in the Americas, helping customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

Eastern Caribbean Amalgamated Bank is a full-service commercial bank located in Antigua and Barbuda. The bank offers personal and commercial banking products and services including deposits, loans, cards and foreign exchange to individual and business clients in Antigua and Barbuda and across the Caribbean.