Scotiabank announces the sale of its operations in Antigua and Barbuda to Eastern Caribbean Amalgamated Bank Limited

October 13, 2020

Torys is representing Scotiabank with a team that includes (Ricco) A.S. Bhasin, Raegan Kennedy and Claire Chapman (corporate/M&A) and Andrew Silverman (tax).

On October 13, 2020, Scotiabank announced that it reached an agreement for the sale of its operations in Antigua and Barbuda to the Eastern Caribbean Amalgamated Bank Limited.

The agreement is subject to regulatory approvals and other customary closing conditions.

Further information can be found on Canada Newswire’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.