Hashtag: #BankOfButterfield

Bank Of Butterfield: ‘This Statement Is False’

Bank Of Butterfield: ‘This Statement Is False’

In response to incorrect information circulating on social media, the Bank of Butterfield moved to assure customers that “this statement is false and that it is safe to conduct banking transactions using Butterfield ATMs.”A Bank spokesperson said, “There is a message being circulated in our community over social media channels indicating... Read more of this article

Butterfield Donates $5,000 To The Family Centre

Butterfield Donates $5,000 To The Family Centre

The Bank of Butterfield recently presented The Family Centre with a $5,000 donation; the proceeds of its employee Holiday Raffle ticket sales. Throughout November, Butterfield employees had the opportunity to purchase $1 Holiday Raffle tickets for a chance to win some great prizes, including vacation days, a travel voucher, retail gift certificates... Read more of this article

FAC & Butterfield Lower Charities Processing Fee

FAC & Butterfield Lower Charities Processing Fee

First Atlantic Commerce [FAC], a Bermuda-based, global payment gateway, and Butterfield, a full service community bank and provider of specialised international financial services,  announced they will “provide local charities with best possible rates for online credit card processing.” “FAC will provide online gateway transaction... Read more of this article

Bank Of Butterfield Adjusts Loan Rates

Bank Of Butterfield Adjusts Loan Rates

The Bank of Butterfield announced that “in step with today’s 25 basis point increase in the US Federal Funds Rate, the Bank has adjusted its Bermuda Dollar Base Rates on Bermuda Dollar loans.” “The Bermuda Dollar Base Rate for residential mortgages and consumer loans will increase from 3.75% to 4.00%, Butterfield’s first rate increase... Read more of this article

Banker Names Butterfield “Bank Of The Year”

Banker Names Butterfield “Bank Of The Year”

International banking industry publication, The Banker, has named The Bank of N.T. Butterfield & Son Limited [Butterfield] the recipient of its “Bank of the Year 2016” Award in Bermuda for the fourth consecutive year. The Banker, a Financial Times publication, is a highly regarded UK-based periodical that each year selects banks in over 100... Read more of this article

Butterfield To Effect Mandatory Redemption

Butterfield To Effect Mandatory Redemption

The Bank of N.T. Butterfield & Son Limited today [Nov 10] announced that it will effect a mandatory redemption of its 8.00% Non-Cumulative Perpetual Limited Voting Preference Shares par value $0.01 per share on December 15, 2016. A spokesperson said, “The Board of Directors determined that it is an appropriate time to redeem the Preference... Read more of this article

Bank Of Butterfield 2016 Q3 Net Income: $24M

Bank Of Butterfield 2016 Q3 Net Income: $24M

The Bank of Butterfield & Son today announced net income for the third quarter ended 30 September 2016 of $24.0 million, a decrease of $4.8 million compared to $28.8 million earned in the same quarter a year ago, resulting in earnings per share of $0.41 on a fully diluted basis. During the quarter, the Bank made important strategic progress, completing... Read more of this article

Richmond Appointed Managing Director Of BTBL

Richmond Appointed Managing Director Of BTBL

Butterfield Trust [Bermuda] Limited [BTBL] a wholly owned subsidiary of The Bank of N.T. Butterfield & Son Limited  announced that John Richmond has been appointed Managing Director of BTBL with immediate effect. In this capacity, Mr. Richmond has overall responsibility for the management of Butterfield’s Trust business in Bermuda, reporting... Read more of this article

Butterfield Bank Closing At 2pm On Wednesday

Butterfield Bank Closing At 2pm On Wednesday

The Bank of Butterfield announced that due to the approach and potential impact of Hurricane Nicole, Butterfield Banking Centres and offices will close at 2:00 p.m. on Wednesday, 12 October and will remain closed on Thursday, 13 October. “The safety of our customers and employees is the Bank’s highest priority, and Butterfield will reopen for... Read more of this article

Bank Of Butterfield’s Outlook Is Revised To Stable

Bank Of Butterfield’s Outlook Is Revised To Stable

Moody’s affirmed the ratings of Bank of Butterfield and changed the outlook to stable from negative, saying that the outlook change was “driven by Butterfield’s stronger capitalization following its new common share offering” and that “Bermuda’s recovering economy also supports a stable outlook.”In affirming... Read more of this article

Bank Of Butterfield Announces Closing Of IPO

Bank Of Butterfield Announces Closing Of IPO

In a filing with the Bermuda Stock Exchange, the Bank of Butterfield announced the closing of their Initial Public Offering. The filing stated that the Bank announced the closing of its previously announced initial public offering [IPO] of 12,234,042 of its voting ordinary shares at a price to the public of $23.50 per share. “The shares began... Read more of this article

No Immediate Impact On Butterfield’s Ratings

No Immediate Impact On Butterfield’s Ratings

The Bank of Butterfield’s recent offering of common stock does not have any immediate impact on the company’s current ratings and Outlook, according to Fitch Ratings. A statement from the ratings agency said, “On Sept. 16, 2016, BNTB completed a sale of its common shares on the New York Stock Exchange resulting in estimated net proceeds... Read more of this article

Photos & Video: Butterfield IPO Listing At NYSE

Photos & Video: Butterfield IPO Listing At NYSE

[Updated] Bank of Butterfield executives and Premier Michael Dunkley are in New York today [Sept 16] to participate in Butterfield’s IPO listing launch on the New York Stock Exchange [NYSE], which will also feature a performance by the Gombeys, Bermuda branding and NYSE traders clad in Bermuda shorts. Butterfield Bank IPO The Bank of Butterfield... Read more of this article