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Butterfield Completes Migration Of HSBC Trust

Butterfield Completes Migration Of HSBC Trust

Following its acquisition of Bermuda Trust Company Ltd. and the private banking investment management operations of HSBC Bank Bermuda Limited on 29 April 2016, The Bank of N.T. Butterfield & Son Limited today [May 4] announced that former HSBC Bermuda employees, their clients and accounts have successfully transitioned to Butterfield. Butterfield... Read more of this article

Butterfield Acquires Bermuda Trust Company

Butterfield Acquires Bermuda Trust Company

The Bank of N.T. Butterfield & Son Limited announced that it has completed the acquisition of Bermuda Trust Company Ltd and the private banking investment management operations of HSBC Bank Bermuda Limited. It was announced on 27 October 2015 that Butterfield had agreed to acquire those businesses and additionally take on select HSBC Bermuda private... Read more of this article

Bank Of Butterfield Reports First Quarter Profit

Bank Of Butterfield Reports First Quarter Profit

The Bank of N.T. Butterfield & Son Limited today announced core earnings for the first quarter ended 31 March 2016 of $36.0 million, an improvement of $7.0 million compared to $29.0 million earned in the same quarter a year ago. The core cash earnings per share increased $0.02 to $0.07 per share. The core cash return on average tangible common... Read more of this article

Results: Butterfield Grand Prix Hamilton Criterium

Results: Butterfield Grand Prix Hamilton Criterium

The Butterfield Bermuda Grand Prix, coordinated by the Bermuda Bicycle Association, was held this weekend, with three days of cycling action winding up this morning [April 17] with the Hamilton Criterium. As a whole, the Grand Prix consisted of three bicycle races over a three-day period starting with the Hill Climb Time Trial which was held on Friday... Read more of this article

Photos/Video/Results: Butterfield Grand Prix Race

Photos/Video/Results: Butterfield Grand Prix Race

[Updated with video & results] The Butterfield Bermuda Grand Prix, coordinated by the Bermuda Bicycle Association, is taking place this weekend, with three days of cycling action which saw a road race at Southside this morning [April 16] and wraps up on Sunday with the Hamilton Criterium.As a whole, the Grand Prix consists of three bicycle races... Read more of this article

Photos & Results: Butterfield Grand Prix – Stage 1

Photos & Results: Butterfield Grand Prix – Stage 1

[Updated with more photos] The Butterfield Bermuda Grand Prix, coordinated by the Bermuda Bicycle Association, is taking place this weekend, with the three days of cycling action kicking off with the Hill Climb Time Trial tonight [April 15] in St. George’s and wraps up on Sunday with the Hamilton Criterium. As a whole, the Grand Prix consists of three... Read more of this article

Butterfield Renews Shares Buy Back Programme

Butterfield Renews Shares Buy Back Programme

The Bank of N.T. Butterfield & Son Limited has renewed its Buy-back Programme for Common Shares. During the period 1 April 2015 to 31 March 2016, the Bank had repurchased 1,062,574 Common Shares under the Programme. With today’s announcement, the Bank’s Board has authorised the repurchase, at the Bank’s discretion, of up to 8 million additional... Read more of this article

Bank Of Butterfield Donates To 2016 Ag Show

Bank Of Butterfield Donates To 2016 Ag Show

The AG Show Ltd announced that the Bank of Butterfield has pledged its financial support to the upcoming 2016 Bermuda Agricultural Show, to take place at the Botanical Gardens from April 14 – 16, 2016. A spokesperson said, “The AG Show Ltd – registered charity number 968 was established in Bermuda last year as a not for profit company... Read more of this article

Butterfield Named “Best Bank” By Global Finance

Butterfield Named “Best Bank” By Global Finance

The Bank of N.T. Butterfield & Son Limited has been named Global Finance’s best bank in Bermuda in its 23rd annual selection of the world’s best banks in developed markets, the second year Butterfield has received this award. Global Finance is a US-based periodical providing analysis and articles on financial markets and financial institutions,... Read more of this article

Butterfield Bank February Share Purchases

Butterfield Bank February Share Purchases

In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited announced that during the month of February 2016, the Bank purchased for Treasury 30,679 Common Shares at an average price of $1.60 per share. In addition, there were no Preference Shares purchased. Related StoriesButterfield Bank Advises Of Shareholdings Butterfield... Read more of this article

Butterfield Bank Earnings Increase In 2015

Butterfield Bank Earnings Increase In 2015

The Bank of N.T. Butterfield & Son Limited today announced core earnings for 2015 of $113.9 million, an improvement of $7.5 million compared to $106.4 million earned in 2014. The core cash earnings per share increased $0.03 to $0.20 per share. The core cash return on average tangible common equity improved to 18.4% in 2015, compared to 15.1% in... Read more of this article

Butterfield To Wind Down UK Private Bank

Butterfield To Wind Down UK Private Bank

In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited announced the winding down of UK Private Bank. The filing stated: The Bank of N.T. Butterfield & Son Limited today announced that it has commenced an orderly wind down of the deposit taking and investment management businesses of its wholly owned London... Read more of this article

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