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Butterfield Receives Captive Services Award

Butterfield Receives Captive Services Award

The Bank of N.T. Butterfield & Son Limited has received the award for best Collateral Service Provider – Letters of Credit from Captive Review in its 2016 US Captive Services Awards. The US Captive Services Awards annually recognise excellence and innovation in the provision of services to captive insurers. In recognising Butterfield for its... Read more of this article

Wendall Brown Resigns From Butterfield Board

Wendall Brown Resigns From Butterfield Board

In a filing with the Bermuda Stock Exchange, The Bank of N.T. Butterfield & Son Limited announced that, effective August 4, 2016 Mr. Wendall Brown has resigned from the Board of The Bank of N.T. Butterfield & Son Limited. Related StoriesButterfield Shortlisted For Citywealth Awards Butterfield Explore Transactions Equity Securities Butterfield... Read more of this article

Butterfield Awards Scholarships To Two Students

Butterfield Awards Scholarships To Two Students

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 Maha Clarke and Kai O’Doherty, respectively. The Bank said, “Maha, the undergraduate recipient, graduated from Warwick Academy this year and is currently enrolled... Read more of this article

Butterfield July 2016 Treasury Shares Buy Back

Butterfield July 2016 Treasury Shares Buy Back

In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited announced that during the month of July 2016, the Bank purchased for Treasury 81,835 Common Shares at an average price of $1.60 per share. In addition, the Bank did not purchase for cancellation any Preference Shares. Related StoriesButterfield Bank... Read more of this article

Butterfield Bank Files For Proposed IPO In U.S.

Butterfield Bank Files For Proposed IPO In U.S.

In a filing with the Bermuda Stock Exchange, the Bank of Butterfield announced that it has “filed a Registration Statement on Form F-1 with the United States Securities and Exchange Commission [SEC] relating to the proposed initial public offering in the United States of the Bank’s ordinary voting shares.” The filing stated,”"The... Read more of this article

Butterfield Bank Reports Second Quarter Profit

Butterfield Bank Reports Second Quarter Profit

The Bank of N.T. Butterfield & Son Limited today announced core earnings for the second quarter ended 30 June 2016 of $32.1 million, an improvement of $4.3 million compared to $27.8 million earned in the same quarter a year ago. The core earnings per share increased $0.01 to $0.06 per share. The core return on average tangible common equity improved... Read more of this article

Butterfield’s Reid Street Banking Centre Closed

Butterfield’s Reid Street Banking Centre Closed

The Bank of N.T. Butterfield & Son Limited announced that its head office building and Reid Street Banking Centre in the City of Hamilton will be closed for the entire day today [July 21]. A spokesperson said, “The closure is due to restricted access to some sections of Reid and Front Streets resulting from a fire in the City earlier today.... Read more of this article

Butterfield Shortlisted For  Citywealth Awards

Butterfield Shortlisted For Citywealth Awards

Butterfield Group  announced that it has been shortlisted for consideration for several prestigious 2017 Citywealth International Financial Centre [IFC] awards:Trust Company of the Year – Caribbean Trust Company of the Year – Guernsey Trust Company of the Year – Switzerland Private Bank of the Year – Channel IslandsIn addition, Alison Parry,... Read more of this article

Butterfield June 2016 Treasury Shares Buy Back

Butterfield June 2016 Treasury Shares Buy Back

In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited announced that during the month of June 2016, the Bank purchased for Treasury 205,048 Common Shares at an average price of $1.614 per share. In addition, the Bank did not purchase for cancellation any Preference Shares. Related StoriesButterfield... Read more of this article

Fitch Affirms Bank Of Butterfield’s Viability Rating

Fitch Affirms Bank Of Butterfield’s Viability Rating

Fitch Ratings has affirmed Bank of N.T. Butterfield & Son Limited‘s [BNTB] viability rating [VR] at ‘bbb-’, and downgraded BNTB’s support-driven Long-Term Issuer Default Rating [IDR] to ‘BBB’ from ‘A-’. The Rating Outlook is Stable. A statement from the ratings agency said, “The downgrade of the... Read more of this article

Butterfield Group Welcome Proposed Changes

Butterfield Group Welcome Proposed Changes

Butterfield Group – which comprises full-service community banking and wealth management operations in the Cayman Islands and Bermuda, and specialised wealth management and fiduciary services operations in Guernsey, Switzerland, Bahamas and the UK — said it welcomes proposed changes to the laws governing the disclosure of confidential... Read more of this article

Butterfield April 2016 Treasury Shares-Buy Back

Butterfield April 2016 Treasury Shares-Buy Back

In a filing with the Bermuda Stock Exchange, the Bank of N.T.Butterfield & Son Limited [the “Bank”] announced that during the month of April 2016, the Bank purchased for Treasury 364,551 Common Shares at an average price of $1.64 per share. In addition, the Bank did not purchase for cancellation any Preference Shares. Related StoriesButterfield... Read more of this article

Michael McWatt Appointed At Butterfield Cayman

Michael McWatt Appointed At Butterfield Cayman

The Bank of N. T. Butterfield & Son Limited announced that Michael McWatt [pictured] was named Managing Director, Butterfield Bank [Cayman] Limited, effective 26 April 2016. In this capacity, he will lead Butterfield Group’s Cayman operations and will have overall responsibility for Community Banking functions in Bermuda and Cayman. Mr. McWatt... Read more of this article