Tag: Bank of Butterfield

Butterfield Bank July Share Repurchases

Butterfield Bank July Share Repurchases

In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited announced that during the month of July, 2014, the Bank purchased for Treasury 1,141,532 Common Shares at an average price of $1.996 per share. In addition, in July, the Bank did not purchase any 8% Preference Shares for cancellation. Related PostsButterfield... Read more of this article

Butterfield Bank 2014 Q2 Net Income: $27.5M

Butterfield Bank 2014 Q2 Net Income: $27.5M

The Bank of N.T. Butterfield & Son Limited today announced net income for the second quarter ended 30 June 2014 of $27.5 million [$0.04 per share on a fully diluted basis] compared to $32.9 million [$0.05 per share on a fully diluted basis] in the same quarter a year ago. Core earnings for the second quarter were $26.0 million, an improvement of... Read more of this article

Butterfield Names 2014 Scholarship Winners

Butterfield Names 2014 Scholarship Winners

The Bank of N.T. Butterfield & Son Limited today announced that its Sir Harry D. Butterfield Undergraduate and Sir A. Dudley Spurling Postgraduate Scholarships have been awarded to Victoria Clarke and Marlena Tucker, respectively. Victoria is a recent graduate of the International Baccalaureate programme at Bermuda High School for Girls, and in... Read more of this article

Mark Twite Wins, Enjoys UEFA Football Trip

Mark Twite Wins, Enjoys UEFA Football Trip

In February of this year, MasterCard in partnership with Bank of N. T. Butterfield & Son Limited, held an open promotion for its MasterCard cardholders on the Island to win a Priceless trip experience to one of the most anticipated qualifying football tournaments – the Union of European Football Associations [UEFA] Champions League. The lucky... Read more of this article

Butterfield Money Market Fund Euro Class SGM

Butterfield Money Market Fund Euro Class SGM

Butterfield Money Market Fund Ltd. – EUR Class A  announced that a Special General Meeting  of the Fund will be held on Wednesday, 30th July, 2014 at 10:00 a.m. In a letter to shareholders, the Fund stated:Dear Butterfield Money Market Fund – Euro Class Shareholder, As you may be aware, on June 5, 2014 the European Central Bank lowered its... Read more of this article

Butterfield To Acquire Part Of HSBC In Cayman

Butterfield To Acquire Part Of HSBC In Cayman

Butterfield Bank [Cayman] Limited, a wholly owned subsidiary of The Bank of N.T. Butterfield & Son Limited today [July 8] announced that it has reached an agreement to acquire parts of the corporate and retail banking business of HSBC Bank [Cayman] Limited. The approximate value of assets being transferred from HSBC is US$0.8 billion. The transfer... Read more of this article

Butterfield Bank June 2014 Share Repurchases

Butterfield Bank June 2014 Share Repurchases

In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited announced that during the month of June, 2014, the Bank purchased for Treasury 312,431 Common Shares at an average price of $1.990 per share. In addition, in June, the Bank purchased 150 8% Preference Shares for cancellation at an average price of $1,179.07. Related... Read more of this article

Standard & Poor’s On Bermuda Bank Ratings

Standard & Poor’s On Bermuda Bank Ratings

Standard & Poor’s Ratings Services said today [July 1] that it lowered its long- and short-term issuer credit ratings on HSBC Bank Bermuda [HBBM] to ‘A-/A-2′ from ‘A/A-1′, with a negative outlook. The ratings agency said, “Bermuda’s economy has weakened since the global financial markets dislocations and recession... Read more of this article

Butterfield Bank CEO On FATCA Implementation

Butterfield Bank CEO On FATCA Implementation

The Bank of N.T. Butterfield & Son Limited Chairman & CEO  Brendan McDonagh commented on the implementation of the Foreign Account Tax Compliance Act [FATCA] in Bermuda and the Cayman Islands. FACTA imposes due diligence, information reporting and control obligations on non-US financial institutions for certain US persons who maintain relationships... Read more of this article

Butterfield Bank Wins Corporate Blood Drive

Butterfield Bank Wins Corporate Blood Drive

The Bermuda Hospitals Board [BHB] has revealed that The Bank of N.T. Butterfield & Son Limited has won the first-ever Corporate Blood Drive. Launched earlier this year in partnership with the Ministry of Health, Seniors and the Environment, the blood drive was designed to increase the Bermuda Blood Donor Centre’s current donor base. A spokesperson... Read more of this article


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