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Butterfield Bank: October Share Repurchases

Butterfield Bank: October Share Repurchases

In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited advised that during the month of October 2019, the Bank purchased for Treasury 150,000 Common Shares at an average price of $32.58 per share. Related StoriesButterfield Reports Third Quarter 2019 Results Bank Of Butterfield Decreases Loan Rates Restructuring... Read more of this article

Bank Of Butterfield Unveils New Branding

Bank Of Butterfield Unveils New Branding

The Bank of N.T. Butterfield & Son Limited today unveiled an updated brand identity for all Butterfield Group companies, featuring a more “contemporary wyvern device and modernized wordmark.” “The wyvern, a mythical sea dragon, which represents protection and valor, has been part of the Bank’s corporate identity for over 60 years,... Read more of this article

Butterfield Reports Third Quarter 2019 Results

Butterfield Reports Third Quarter 2019 Results

The Bank of  Butterfield  announced financial results for the third quarter ended September 30, 2019. Net income for the third quarter was $42.4 million or $0.79 per diluted common share, compared to $38.6 million or $0.72 per common share for the previous quarter and $50.4 million, or $0.90 per common share in the third quarter of 2018. Third quarter... Read more of this article

Lynch Appointed Butterfield Independent Director

Lynch Appointed Butterfield Independent Director

The Bank of N.T. Butterfield & Son Limited announced today that Mark Lynch, a former partner at Wellington Management Company, has joined the Bank’s Board as an Independent Director, bringing the total number of directors to ten. “Mr. Lynch is a respected investment manager and analyst with a specialization in financial services. On June... Read more of this article

Bank Of Butterfield’s 2019 Graduate Trainees

Bank Of Butterfield’s 2019 Graduate Trainees

The Bank of N.T. Butterfield & Son Limited has announced its 2019 Graduate Trainees, with Kenya Thompson, Arjah Rogers, Leitonya Edwards and Khaleb Tota joining the Bank’s two-year graduate trainee programme that will prepare them for professional careers in the financial services industry.A spokesperson said, “The Butterfield Graduate... Read more of this article

Bank Of Butterfield Decreases Loan Rates

Bank Of Butterfield Decreases Loan Rates

The Bank of Butterfield announced that, in step with the recent 25 basis point decrease in the US Federal Funds Rate, the Bank is decreasing its interest rates on personal loans and mortgages. “The base rate for Bermuda dollar residential mortgages and consumer loans will decrease by 0.25% to 5.25%,” a spokesperson said. “The rate... Read more of this article

Bank Makes Positive Impact On Sports Field

Bank Makes Positive Impact On Sports Field

Butterfield Bank employees spent last Friday afternoon [Sept 13] making a positive impact on Bernard’s Park with the addition of new waste bins for the sports field. As part of Butterfield’s Community Action Month, bank employees partnered with students from Impact Mentoring Academy to complete Keep Bermuda Beautiful’s [KBB]’s Artful Bins... Read more of this article

Hurricane Humberto: Butterfield Closures

Hurricane Humberto: Butterfield Closures

Due to the approach of Hurricane Humberto, Butterfield Banking Centre will close at 11.30am tomorrow [Sept 18], and all other Butterfield departments will close at 12.00pm. A spokesperson said, “Due to the approach and potential impact of Hurricane Humberto, Butterfield Banking Centres in Bermuda will close at 11:30 a.m. tomorrow, Wednesday, 18... Read more of this article

Restructuring At Butterfield, Jobs Being Moved

Restructuring At Butterfield, Jobs Being Moved

Due to a “restructuring” that will result in some Bermuda-based positions being moved to Canada, twelve Butterfield employees in Bermuda “were given advance notice that their positions will be moved in the coming months” and “Butterfield is working to find alternative roles within the Bank for impacted employees.” A... Read more of this article

Sadia Wilson Awarded Butterfield Scholarship

Sadia Wilson Awarded Butterfield Scholarship

The Bank of Butterfield announced the recipients of its 2019 scholarship awards: Sadia Wilson [Sir Harry D. Butterfield Undergraduate Scholarship]; Barisse Griffin [Butterfield Post-Graduate Scholarship]; and Alexander Yang [Atlantic Undergraduate Scholarship for Employees’ Children]. Sadia Wilson, Sir Harry D. Butterfield Scholarship RecipientThe... Read more of this article

Bank Of Butterfield Building Decorated For Pride

Bank Of Butterfield Building Decorated For Pride

The Bank of Butterfield has decorated its head office in order to recognize and celebrate the upcoming Pride events, with the company highlighting the decorations on social media, with a photo and caption saying, “Butterfield head office getting dressed for Bermuda Pride 2019.” A spokesperson previously said, “Butterfield is providing financial... Read more of this article

Butterfield Introduces EMV 3-D Secure Online

Butterfield Introduces EMV 3-D Secure Online

Butterfield has today adopted EMV 3-D Secure [2.0] as its new standard for protecting customers who use their credit and debit cards for online purchases. “EMV 3-D Secure was developed by EMVco [representing Europay, Mastercard, and Visa] as a new way to validate card transactions to decrease the incidence of fraud and false declines, whilst making... Read more of this article

Butterfield Shortlisted For Six Citywealth Awards

Butterfield Shortlisted For Six Citywealth Awards

Butterfield has been shortlisted in six categories in the Citywealth International Finance Centre [IFC] Awards 2020. Butterfield has been nominated for Trust Company of the Year in four categories: Switzerland; Hong Kong and Singapore; The Bahamas, Bermuda and Cayman; and Guernsey. Paul Hodgson, Managing Director of Butterfield Trust [Guernsey] Limited... Read more of this article