The Bank of Butterfield announced today [Feb 13] that it plans to conduct a registered public secondary offering of shares of its common stock.
“All of the shares sold in the offering will be sold by certain selling shareholders. The selling shareholders have not yet determined the number of shares to be offered, and the timing of the offering remains subject to market conditions,” the Bank said.
“This announcement is being made pursuant to and in accordance with Rule 135 under the Securities Act of 1933. “