Tag: #BankOfButterfield

Butterfield Bank Advises Of Shareholdings

Butterfield Bank Advises Of Shareholdings

Following the recent repurchase by the Bank of Butterfield of the shares held by CIBC and pursuant to Bermuda Stock Exchange Regulation 6.14, the Bank advised the BSX of the following shareholdings:Government of Bermuda Pension Plans [5.26%] Wyndham Holdings Inc [5.07%] Carlyle Global Financial Services Partners LP [21.01%]  Related... Read more of this article

Butterfield Bank Completes Share Repurchase

Butterfield Bank Completes Share Repurchase

The Bank of N.T. Butterfield & Son Limited has completed the repurchase and cancellation of 4 million Butterfield common shares at an effective purchase price of $1.50 per share. This share repurchase and cancellation transaction was directly related to, and a part of, the transaction that was previously announced on 27 April 2015 and consummated... Read more of this article

Butterfield Treasury Shares Buy Back Program

Butterfield Treasury Shares Buy Back Program

In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited  announced that during the month of July 2015, the Bank purchased for Treasury 83,956 Common Shares at an average price of $1.676 per share.In addition, there were no Preference Shares purchased. Related StoriesButterfield Bank Advises Of Shareholdings Butterfield... Read more of this article

Robinson & Hassell Awarded Bank Scholarships

Robinson & Hassell Awarded Bank Scholarships

The Bank of N.T. Butterfield & Son Limited announced that its Sir Harry D. Butterfield undergraduate and Sir A. Dudley Spurling Postgraduate Scholarships have been awarded to Jade Robinson and Brittany Hassell, respectively. Both of these awards have an annual value of $25,000. Ms Robinson graduated from Bermuda institute in 2014 and is currently... Read more of this article

Michael Schrum Joins Bank Of Butterfield

Michael Schrum Joins Bank Of Butterfield

The Bank of N.T. Butterfield & Son Limited today announced the appointment of Michael Schrum as Group Chief Financial Officer with effect from 21 September 2015. Mr. Schrum joins Butterfield from HSBC Bank Bermuda Limited, where he was CFO. He has more than 20 years of financial services experience in London, New York and Bermuda, mainly in banking,... Read more of this article

Butterfield’s Board And Management Changes

Butterfield’s Board And Management Changes

The Bank of N.T. Butterfield & Son Limited today [July 28] announced the following changes to its Board and Senior Management:Brendan McDonagh, currently Chairman & Chief Executive Officer, has been appointed Executive Chairman. In this role, he will continue to lead Butterfield. Michael Collins, currently Senior Executive Vice President,... Read more of this article

Butterfield Bank Q2 2015 Core Earnings: $27.8M

Butterfield Bank Q2 2015 Core Earnings: $27.8M

The Bank of N.T. Butterfield & Son Limited has announced core earnings for the second quarter, which ended June 30, of $27.8 million, an improvement of $1.8 million compared to $26.0 million earned in the same quarter a year ago. The core cash return on average tangible common equity for the second quarter improved to 18.4% in 2015, compared to... Read more of this article

Butterfield Group Shortlisted For STEP Award

Butterfield Group Shortlisted For STEP Award

The Society of Trust and Estate Practitioners [STEP], the worldwide professional association for practitioners dealing with family inheritance and succession planning, has shortlisted Butterfield Group as a contender for Trust Company of the Year in its 2015/16 Private Client Awards. The Private Client Awards highlight excellence among private client... Read more of this article

Bank Back In Business, Staff In Strong Spirits

Bank Back In Business, Staff In Strong Spirits

While the Bank of Butterfield’s staff are shaken up by yesterday’s armed robbery, their spirits are strong, and the east end bank branch is back in business today. Just past noon yesterday [June 9] there was an armed robbery at the Butterfield Bank in St. George’s, with a man entering the bank brandishing what appeared to be a gun, demanded... Read more of this article

Fitch Affirms Bank Of Butterfield’s Ratings

Fitch Affirms Bank Of Butterfield’s Ratings

Fitch Ratings has affirmed Bank of N.T. Butterfield & Son Limited’s [BNTB] Long-term Issuer Default Rating [IDR] at ‘A-’ and Viability Rating [VR] at ‘bbb-’. The Rating Outlook is Negative. The Outlook reflects Fitch’s evolving views of sovereign support. “As mentioned in the RAC dated June 09, 2014, Fitch... Read more of this article

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