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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

Bank Of Butterfield Announces Pricing Of IPO

Bank Of Butterfield Announces Pricing Of IPO

In a filing with the Bermuda Stock Exchange [BSX], the Bank of Butterfield announced the pricing of its US initial public offering [IPO] of 10,638,298 of its voting ordinary shares at a price to the public of $23.50 per share, and said it expects trading to commence on the NYSE tomorrow. The filing said, “Butterfield is selling 5,957,447 Common... Read more of this article

Butterfield Treasury Shares Buy Back For August

Butterfield Treasury Shares Buy Back For August

In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited announced that during the month of August 2016, the Bank purchased for Treasury 483 Common Shares at an average price of $1.650 per share. In addition, the Bank did not purchase for cancellation any Preference Shares. Related StoriesButterfield... Read more of this article

David Zwiener Joins Bank of Butterfield’s Board

David Zwiener Joins Bank of Butterfield’s Board

The Bank of N.T. Butterfield & Son announced that David Zwiener [pictured] has today been appointed to its Board as a Non-Executive Director. Mr. Zwiener, who is a Senior Operating Executive with the Carlyle Group’s Financial Institutions Group, will serve as one of Carlyle’s two representatives on Butterfield’s Board. Mr. Zwiener has previously... Read more of this article

Butterfield Bank Shareholders Approve Proposals

Butterfield Bank Shareholders Approve Proposals

In a filing with the Bermuda Stock Exchange, the Bank of Butterfield announced the results of the Special General Meeting of shareholders held today, saying that “both proposals were approved by the requisite vote.” The filing stated: ”The Bank of N.T. Butterfield & Son Limited [“Butterfield” or the “Bank”] announced... Read more of this article

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 Bank Advises Of Shareholdings Butterfield Shortlisted For Citywealth Awards 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 Treasury... 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