Hashtag: #BankOfButterfield

Butterfield Bank: Senior Management Restructure

Butterfield Bank: Senior Management Restructure

The Bank of Butterfield today announced the following changes within its senior management team structure. Daniel Frumkin, previously Group Chief Risk Officer, has been appointed to the new role of Group Chief Operating Officer. In this capacity, he will be responsible for the Group’s client-facing businesses, jurisdictions, technology, and operations. Andrew... Read more of this article

Former CIA Executive Director Joins Bank Board

Former CIA Executive Director Joins Bank Board

The Bank of Butterfield announced that Meroe Park has been appointed to its Board as a Non-Executive Director. “Ms. Park was most recently the Executive Director of the United States Central Intelligence Agency, serving as the Agency’s chief operating officer in its most senior career post,” the announcement said. “Prior to her... Read more of this article

Butterfield Employees Participate In Cleanup

Butterfield Employees Participate In Cleanup

Employees of Butterfield Group companies around the world joined forces with local environmental groups to take part in the International Costal Clean-Up on Saturday, September, 16th. 267 Butterfield team members cleared 113 bags of trash and recyclables from public spaces in six countries during the first of what will become an annual Community Action... Read more of this article

Graduate Trainees Join Bank Of Butterfield

Graduate Trainees Join Bank Of Butterfield

Recquel Furbert, Erik Simmons, and Lateefah Caines have joined the Bank of Butterfield 2017 Graduate Trainee Programme, which offers Bermudian university/college graduates the opportunity to acquire the skills and expertise they need to succeed in the financial services industry. Working closely with experienced bankers, Trainees will gain real-world... 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 net income for the second quarter ended 30 June 2017, as well as changes in the composition of its Board of Directors. The Bank’s second quarter net income was $36.1 million, an increase of $0.2 million compared to $35.9 million earned in the first quarter of 2017. Core earnings for... Read more of this article

Bank Of Butterfield Adjusts Loan Rates

Bank Of Butterfield Adjusts Loan Rates

The Bank of N.T. Butterfield & Son Limited 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 4.25% to 4.50%. The Bermuda Dollar Base... Read more of this article

Fitch Upgrades Butterfield Bank’s Viability Rating

Fitch Upgrades Butterfield Bank’s Viability Rating

Fitch Ratings has upgraded the Bank of N.T. Butterfield & Son Limited’s Viability Rating [VR] to ‘bbb’ from ‘bbb-’ following its review of the bank. Fitch has also affirmed BNTB’s support-driven Long-Term Issuer Default Rating [IDR] of ‘BBB’. The Rating Outlook remains Stable. The ratings agency said,... Read more of this article

Butterfield Donates $2,000 For AC Endeavour

Butterfield Donates $2,000 For AC Endeavour

As an Official Supplier and the Official Bermuda Bank of the 2017 America’s Cup, the Bank of Butterfield held a denim day fundraiser in March with proceeds totalling $2,000 going towards supporting the Endeavour Programme. Several children of Butterfield employees have been a part of the Endeavour Programme, including Brianna Smith, Jadyn Hassell-Belboda,... Read more of this article

Butterfield Bank Q1 2017 Net Income: $35.9M

Butterfield Bank Q1 2017 Net Income: $35.9M

The Bank of N.T. Butterfield today announced net income for the first quarter ended 31 March 2017 of $35.9 million, an increase of $0.5 million compared to $35.4 million earned in the fourth quarter of 2016 and an increase of $9.1 million compared to $26.8 million earned in the same quarter a year ago. Core earnings for the first quarter ended 31 March... Read more of this article

Butterfield Grand Prix Road Race Results

Butterfield Grand Prix Road Race Results

The 2017 Butterfield Bermuda Grand Prix continued in St. David’s with a Road Race today [April 22]. Kaden Hopkins won a photo sprint finish ahead of Matthew Oliveira, Hopkins was clocked at 1:41:35.341, while Oliveira had a time of 1:41:35.345, Darren Glasford finished third in 1:41:40.539. The Women’s Division winner was Ashley Estwanik who rode... Read more of this article

Butterfield Bank Supporting ‘Seabin’ Program

Butterfield Bank Supporting ‘Seabin’ Program

The Bank of Butterfield  has joined the Seabin Global Pilot Program, and will install the pre-series V5 Hybrid Seabin at the marina at Hamilton Princess & Beach Club. The Seabin is a ‘floating trash can’ placed at marinas, docks, yacht clubs and commercial ports around the world as a part solution to the current global littering problem. Water... Read more of this article

Bank Of Butterfield Adjusts Loan Base Rates

Bank Of Butterfield Adjusts Loan Base Rates

The Bank of N.T. Butterfield & Son Limited announced that, in alignment 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 4.00% to 4.25%. The Bermuda Dollar... Read more of this article

‘Carlyle No Longer Holds Any Common Shares’

‘Carlyle No Longer Holds Any Common Shares’

The Bank of Butterfield announced the closing of its secondary offering, and said following the closing “Carlyle no longer holds any Common Shares and the Investment Agreement between Butterfield and Carlyle has terminated.” The Bank said, “The Bank of N.T. Butterfield & Son Limited today announced the closing of its previously... Read more of this article