Hashtag: #BankOfButterfield

Butterfield Announces Management Changes

Butterfield Announces Management Changes

The Bank of Butterfield announced that Daniel Frumkin, Group Chief Operating Officer, has informed the Bank of his decision to step down from his post, effective immediately. Mr. Frumkin has agreed to continue to be available to the Bank’s senior management to ensure a seamless transition. As a result of this departure, Michael Neff, Managing Director... Read more of this article

Results Of Vote At Bank Of Butterfield AGM

Results Of Vote At Bank Of Butterfield AGM

The Bank of Butterfield announced the results of the Shareholders’ vote at the Bank’s 115th Annual General Meeting held earlier today. “Each of the proposals numbered 1 through 3 on the Meeting Agenda was approved by the requisite vote, including the re-election as directors of all persons nominated: Michael Collins, Alastair Barbour, James... Read more of this article

Butterfield Bank: April Share Repurchases

Butterfield Bank: April Share Repurchases

In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited advised that during the month of April 2019, the Bank purchased for Treasury 340,000 Common Shares at an average price of $36.89 per share. Related StoriesResults Of Vote At Bank Of Butterfield AGM Bank of Butterfield Financial Results For 2019 Q1 Butterfield... Read more of this article

Bank of Butterfield Financial Results For 2019 Q1

Bank of Butterfield Financial Results For 2019 Q1

The Bank of Butterfield announced financial results for the first quarter ended March 31, 2019. Net income for the first quarter was $52.1 million or $0.96 per diluted common share, compared to $50.9 million or $0.92 per common share for the previous quarter and $44.2 million, or $0.79 per common share in the first quarter of 2018. First quarter core... Read more of this article

Butterfield Bank To Acquire ABN AMRO Limited

Butterfield Bank To Acquire ABN AMRO Limited

In a filing with the Bermuda Stock Exchange [BSX], the Bank of Butterfield announced it has entered into a definitive agreement to acquire a Channel Islands-based banking business. The filing stated: “The Bank of N.T. Butterfield & Son Limited, a leading offshore bank and trust company headquartered in Bermuda with significant operations in... Read more of this article

OBA: ‘Where Is The Economic Stimulus Plan?’

OBA: ‘Where Is The Economic Stimulus Plan?’

“The job losses at Butterfield Bank are a body blow but the warning signs were there for the Government to see,” Opposition Leader Craig Cannonier said, adding that “questions that must be asked are, where is the economic stimulus plan and, after Butterfield, who is next?” His comments follow after the Bank of Butterfield confirmed... Read more of this article

Premier Burt On Job Losses At Butterfield Bank

Premier Burt On Job Losses At Butterfield Bank

The Government is “disappointed at the loss of Bermudian jobs” at Butterfield Bank, Premier David Burt said, adding that they will work to ensure former employees have the needed support, and also “increase efforts to diversify our banking sector.” The Premier’s comments follow after the Bank of Butterfield confirmed... Read more of this article

Butterfield Streamlines, Closes Rosebank Centre

Butterfield Streamlines, Closes Rosebank Centre

Bank of Butterfield completed a “multi-faceted streamlining initiative” in which 30 employees in Bermuda accepted voluntary early retirement packages, 11 positions were made redundant, and Butterfield’s Rosebank Banking Centre and Drive-Thru Teller Services in Hamilton have closed effective today.The full filing with the BSX stated,... Read more of this article

Butterfield Bank: March Share Repurchases

Butterfield Bank: March Share Repurchases

In a filing with the Bermuda Stock Exchange, The Bank of N.T. Butterfield & Son advised that during the month of March 2019, the Bank purchased for Treasury 360,000 Common Shares at an average price of $37.31 per share. Related StoriesResults Of Vote At Bank Of Butterfield AGM Butterfield Bank: April Share Repurchases Bank of Butterfield... Read more of this article

Butterfield Bank: February Share Repurchases

Butterfield Bank: February Share Repurchases

In a filing with the Bermuda Stock Exchange, The Bank of N.T. Butterfield & Son advised that during the month of February 2019, the Bank purchased for Treasury 365,000 Common Shares at an average price of $37.12 per share. Related StoriesResults Of Vote At Bank Of Butterfield AGM Butterfield Bank: April Share Repurchases Bank of Butterfield... Read more of this article

Butterfield Bank Launches New Online Version

Butterfield Bank Launches New Online Version

The Bank of Butterfield recently introduced a new version of Butterfield Online for personal banking customers. A spokesperson said, “Butterfield introduced a new version of Butterfield Online for personal banking customers on the evening of Saturday, 2 March, which is accessible through a new URL www.butterfieldonline.com. “The new Butterfield... Read more of this article

Butterfield Bank Report Q4 & Year End Results

Butterfield Bank Report Q4 & Year End Results

The Bank of Butterfield today announced financial results for the fourth quarter and year ended December 31, 2018. Net income for the year ended December 31, 2018 was $195.2 million or $3.50 per diluted common share, compared to $153.3 million, or $2.76 per diluted common share for the year ended December 31, 2017. Core net income for the year ended... Read more of this article

Butterfield Bank: January Share Repurchases

Butterfield Bank: January Share Repurchases

In a filing with the Bermuda Stock Exchange, The Bank of N.T. Butterfield & Son Limited today [Feb 4] advised that during the month of January 2019, the Bank purchased for Treasury 420,000 Common Shares at an average price of $33.72 per share. Related StoriesResults Of Vote At Bank Of Butterfield AGM Butterfield Bank: April Share Repurchases Bank... Read more of this article