Tag: Bank of Butterfield
Moody’s Downgrades Bank Of Butterfield
Shortly after Moody’s announced they downgraded Bermuda’s rating to Aa3 and changed the outlook to negative earlier today [May 16], they confirmed they downgraded the ratings of the Bank of N.T. Butterfield & Son Limited. The rating outlook is stable. A statement from the ratings agency said, “The downgrade reflects Butterfield’s... Read more of this article
Butterfield UK Bank’s New Deposit Account
London’s Butterfield Private Bank — part of the Bermuda-headquartered Butterfield Group — has launched a six month, fixed-term deposit account designed for high and ultra high net worth individuals. The Butterfield 25 Deposit offers competitive interest rates on a tiered schedule, based on the level of funds deposited. Clients will... Read more of this article
Butterfield Bank Share Repurchases
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited announced that during the month of April 2013, the Bank purchased for Treasury 1,080,774 Common Shares at an average cost of $1.40 per share. No 8% preferred shares were bought in April for the Buy Back Program.Related PostsFitch Affirms Butterfield Bank’s... Read more of this article
Butterfield Bank Reports Earnings Of $15.3M
The Bank of N.T. Butterfield & Son Limited announced core earnings for the first quarter ended 31 March 2013 of $15.3 million [$0.02 per Share on a fully diluted basis], compared to $14.6 million a year ago. Net income for the quarter was $13.3 million, including non-core redundancy and early retirement costs of $2.0 million, compared to net... Read more of this article
Butterfield Renews Share Buy-Back Programme
The Bank of N.T. Butterfield & Son Limited has renewed its Buy-back Programme for Common Shares. Butterfield introduced the Share Buy-back Programme in May 2012 and expanded it in December to allow for the repurchase of up to 10 million Common Shares. As at 31 December 2012, Butterfield had repurchased 7.3 million Common Shares under the Programme. With... Read more of this article
Sun. Morning: Butterfield ATMs To Be Unavailable
The Bank of Butterfield ATMs will be unavailable from 1:00 a.m. to 8:00 a.m. on Sunday, 31 March 2013 due to scheduled maintenance. A spokesperson said the Bank apoligises for any inconvenience.Related PostsFitch Affirms Butterfield Bank’s Ratings Bank Of Butterfield Repurchase Shares Bank’s Executive Chairman Designate Smatt Appointed... Read more of this article
Butterfield Bank New Share Buyback Programme
In a filing to the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited announced that, effective 25 March, 2013, it has cancelled the existing Common Share Buyback Programme to implement a new programme for the purchase of up to 10 million Common Shares. The Board of the Bank, at a meeting on 25 March, 2013, approved the repurchase... Read more of this article
Butterfield Bank Share Repurchases
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited announced that during the month of February 2013 the Bank bought for Treasury 83,313 common shares at an average cost of $1.297 per share. The Bank also repurchased and cancelled 129 NTB 8% Preferred shares at an average cost of $1,231.73Related PostsMoody’s... Read more of this article
Smatt Appointed Senior VP, Corporate Banking
The Bank of N.T. Butterfield & Son Limited today announced that Sean Smatt has been appointed Senior Vice President, Corporate Banking. He was previously Senior Vice President, Group Insurance & Funds at Butterfield. In this role, Mr. Smatt will be responsible for the development and day-to-day management of Butterfield’s Corporate Banking... Read more of this article
Eight Employees Made Redundant At Butterfield
Eight employees of the Bank of Butterfield were made redundant today [Mar 4]. A spokesperson for the Bank said, “Butterfield confirms that eight employees in Bermuda were advised today that their positions were made redundant as a consequence of internal reorganisation. “Roles in our Corporate Banking and Investment Services departments... Read more of this article
