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Results Of Bank Of Butterfield AGM Vote

Results Of Bank Of Butterfield AGM Vote

In a filing with the Bermuda Stock Exchange, The Bank of N.T. Butterfield & Son Limited announced the results of the AGM vote. The filing stated, “The Bank of N.T. Butterfield & Son Limited announced the results of the Shareholders’ vote at the Bank’s 114th Annual General Meeting held earlier today. “Each of the proposals numbered... Read more of this article

Craig Barley Joins Butterfield Bahamas

Craig Barley Joins Butterfield Bahamas

Craig Barley [pictured] has joined Butterfield Trust [Bahamas] Limited as Managing Director, where he will have overall responsibility for the management and development of Butterfield’s Bahamas-based trust business, which is a key part of Butterfield Group’s global network of trust companies. Originally from the UK, Mr. Barley was most recently... Read more of this article

Butterfield Completes Acquisition Of GTS

Butterfield Completes Acquisition Of GTS

The Bank of Butterfield has completed the acquisition of the Deutsche Bank Global Trust Solutions business [excluding US operations]. Former GTS employees and accounts have successfully transitioned to Butterfield and all trust and fiduciary services for former GTS clients will be conducted from Butterfield locations in the Cayman Islands, Guernsey,... Read more of this article

Butterfield Adjusts Rates Following Fed Increase

Butterfield Adjusts Rates Following Fed Increase

The Bank of N.T. Butterfield announced that, in step with the recent 25 basis point increase in the US Federal Funds Rate, the Bank is adjusting its interest rates on loans and fixed-term deposits. Deposit Rates The Bank said, “To provide customers with the opportunity to earn higher returns on Bermuda dollar and US dollar deposits, rates paid... Read more of this article

Bank Of Butterfield Reports 2017 Q4 Results

Bank Of Butterfield Reports 2017 Q4 Results

The Bank of Butterfield announced financial results for the fourth quarter and year ended December 31, 2017. Net income for the year ended December 31, 2017 was $153.3 million, or $2.76 per diluted common share, compared to $115.9 million or $1.18 per common share for the year ended December 31, 2016. Core net income1 for the year ended December 31,... Read more of this article

Butterfield To Acquire Deutsche Bank’s Business

Butterfield To Acquire Deutsche Bank’s Business

The Bank of Butterfield today announced that it has entered into an agreement to acquire Deutsche Bank’s banking and custody business in the Cayman Islands, Jersey and Guernsey. The filing stated, “The Bank of N.T. Butterfield & Son Limited today announced that it has entered into an agreement to acquire Deutsche Bank’s banking and custody... Read more of this article

Butterfield Adjust Rates Following Fed Increase

Butterfield Adjust Rates Following Fed Increase

The Bank of Butterfield announced that, in step with yesterday’s 25 basis point increase in the US Federal Funds Rate, the Bank is adjusting its interest rates on loans and fixed-term deposits. Deposit Rates The Bank said, “To provide customers with the opportunity  to earn higher returns on Bermuda dollar and US dollar deposits, rates paid... Read more of this article

Govt’s Loan Facility With Bank Of Butterfield

Govt’s Loan Facility With Bank Of Butterfield

The Government is executing a $135 million 18 month loan facility agreement with the Bank of Butterfield, Premier and Minister of Finance David Burt said, adding that “it must be noted that at this time Government has not borrowed $135 million but only is arranging a facility in place to borrow up to this amount.” Speaking the House of Assembly... Read more of this article

Pamela Thomas-Graham Joins Butterfield Board

Pamela Thomas-Graham Joins Butterfield Board

The Bank of N.T. Butterfield announced that Pamela Thomas-Graham has been appointed to its Board as a Non-Executive Director. Ms. Thomas-Graham is a Harvard-educated entrepreneur and executive with nearly three decades of experience in the financial services, media and apparel industries. She is the Founder and current Chief Executive Officer of Dandelion... Read more of this article

Butterfield Reports Third Quarter 2017 Results

Butterfield Reports Third Quarter 2017 Results

The Bank of Butterfield announced financial results for the quarter ended 30 September 2017. Third quarter core net income was $40.7 million, or $0.73 per diluted common share, compared to $37.5 million, or $0.67 per diluted common share for the second quarter of 2017 and $33.4 million, or $0.60 per diluted common share, for the third quarter of 2016. The... Read more of this article

Butterfield To Acquire Global Trust Solutions

Butterfield To Acquire Global Trust Solutions

The Bank of Butterfield has entered into an agreement to acquire Deutsche Bank’s Global Trust Solutions [GTS] business, excluding its US operations; terms of the agreement were not disclosed. A spokesperson said, “Upon completion of the transaction, which is subject to regulatory approvals, Butterfield will take over the ongoing management... Read more of this article

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