[5] In March 2006, CIBC officials announced their intention of buying majority control of their publicly held Caribbean joint venture the FirstCaribbean International Bank.

Thereafter, CIBC proceeded with a mandatory purchase offer to all remaining shareholders at US$1.62 per share and wound up holding 91.5% of First Caribbean International Bank.

In March 2018, CIBC announced that it had filed a Registration Statement on Form F-1 with the United States Securities and Exchange Commission relating to a proposed initial public offering (IPO) in the United States of CIBC FirstCaribbean's common shares on the New York Stock Exchange.

[9] Through the IPO, CIBC would divest itself of most of its 91.5% stake in FCIB to refocus capital and management resources on its other North American operations.

According to one report, "GNB Financial agreed to pay US$200-million in cash, and CIBC had promised to finance the rest of the purchase price, keeping a 24.9-per-cent stake in FirstCaribbean in the process...

Additionally CIBC also offers a co-branded University of the West Indies VISA-Classic, Gold or Platinum credit card for students, alumni and staff.