PROVEN, a venture capital trust, completed the acquisition of Fidelity Bank (Cayman), a financial services company, from Fidelity Bank & Trust International, a bank. Financial terms were not disclosed. "We are very excited about the completion of this key strategic acquisition for the PROVEN Group. Fidelity Bank Cayman, with the backing of the PROVEN Group, is uniquely positioned to provide the catalyst and funding for major development and corporate projects throughout Cayman, which we believe is poised for further growth in the near future. The bank’s current staff will continue to seamlessly provide a customer focused alternative that will delight our valued clients and satisfy their day-to-day banking needs," Johann Heaven, PROVEN Head of the Banking and Wealth Division.