SBM Bank is what was known as Chase Bank – Malindi. It is basically located next to Diamond Trust Bank off Lamu Road opposite Malindi supermarket and just next to Multi grocers limited. It offers banking services among many other available services. It is operational from 8:30 am to 4:30 pm during the weekdays. On Saturdays the bank is open from 8:30 am to 2:00 pm. On Sundays, the bank is closed.
In April 2018, SBM Holdings of Mauritius concluded the acquisition of the majority of assets and liabilities of Chase Bank Kenya Limited, which had been under receivership since April 2016. It is expected that those assets and liabilities, together with the 1,300 Chase Bank employees, in about 62 branches, will be absorbed in SBM Bank Kenya