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
Explore More
Related Acquisitions
-
Valley National Bancorp to Acquire Providence Financial Corporation
August 25, 2026
Financial Services
Valley National Bancorp announced it has entered into a definitive merger agreement to acquire Providence Financial Corporation, parent company of Providence Bank & Trust. Under the terms, Providence shareholders will receive Valley common stock plus $21.47 in cash per share, with the transaction expected to close in early 2027 subject to approvals.
-
Fidelity BancShares (North Carolina) Acquires Affinity Bancshares to Enter Georgia
March 30, 2026
Financial Services
Fidelity BancShares (N.C.) and its banking subsidiary, Fidelity Bank, signed a definitive merger agreement to acquire 100% of Affinity Bancshares and its bank subsidiary, Affinity Bank, in an all-cash transaction valued at approximately $142.8 million. The deal is intended to be Fidelity’s entry into Georgia and is expected to close in the third quarter of 2026, subject to regulatory approvals and Affinity shareholder approval.
-
Heritage Bancshares to Acquire Fidelity State Bank and Trust Company
December 13, 2024
Financial Services
Heritage Bancshares, Inc. (Heritage Bank) and Fidelity Kansas Bankshares, Inc. jointly announced the signing of a stock purchase agreement under which Heritage Bancshares will acquire Fidelity State Bank and Trust Company. Following closing, Fidelity will be merged into Heritage Bank as the surviving entity, which is expected in Q2 2025 subject to customary approvals.
-
Aviva Acquires Probitas Holdings (Bermuda) Limited
July 10, 2024
Insurance
Aviva plc has completed the acquisition of Probitas Holdings (Bermuda) Limited for £249 million, following regulatory approvals. The deal returns Aviva to the Lloyd’s/ specialty insurance market and expands its underwriting capabilities in property, casualty and specialty reinsurance markets.
-
Fidelity Bank Plc to Acquire Union Bank UK
August 30, 2022
Financial Services
Fidelity Bank Plc has entered into a binding agreement to acquire 100% of Union Bank United Kingdom Limited (Union Bank UK), subject to approval from the UK Prudential Regulation Authority. The Central Bank of Nigeria has issued a letter of no objection; the deal represents Fidelity's first international expansion to broaden its trade and diaspora banking services.
-
Further Global Capital Management Acquires Majority Stake in Progeny
October 29, 2021
Wealth Management
US-based private equity firm Further Global Capital Management has acquired a majority stake in UK financial planning firm Progeny; financial terms were not disclosed. The investment is intended to accelerate Progeny's organic and inorganic growth, support its acquisition strategy, and fund investments in technology, learning and development, marketing and an advisor academy; Progeny's senior management will remain in place and the firm employs roughly 230 people.
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.