Trinidad’s Republic Bank launches US$82mn Cayman National takeover bid. Trinidad and Tobago’s Republic Financial Holdings has launched an US$82mn bid to acquire full ownership of Cayman National Bank, to purchase the remaining 10.59mn shares at US$7.75 each. Already holding nearly 75% of the bank, Republic’s CEO Nigel Baptiste highlighted this move as part of their regional growth strategy and commitment to the Cayman Islands’ economic development. Cayman National, founded in 1974 and headquartered in George Town, is the largest local financial services firm, offering banking, trust, and wealth management services across the Cayman Islands and internationally. The offer includes a premium of US$0.85 per share above the recent closing price. Cayman National is reviewing the proposal.